Starboard Value LP - 06 Jun 2023 Form 4 Insider Report for Cyxtera Technologies, Inc.

Reporting relationship: 10%+ Owner
Issuer ticker: N/A
Reported as of: 06 Jun 2023
Net transaction value: -$571,500
SEC form: 4
Accepted by SEC: 08 Jun 2023, 18:06:44 UTC
Prior SEC filing: 03 Mar 2023
Next SEC filing: 17 Jul 2023
Source filing: View source filing
Reporting owner signature: Starboard Value LP, By: /s/ Jeffrey C. Smith, Authorized Signatory

Key filing fact

Starboard Value LP filed Form 4 for Cyxtera Technologies, Inc. on 08 Jun 2023.

Key facts

This page summarizes Starboard Value LP's Form 4 filing for Cyxtera Technologies, Inc..
6 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 08 Jun 2023, 18:06.

Change

Previous filing in this sequence was filed on 03 Mar 2023.
Current net transaction value: -$571,500.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CYXTQ transaction

Class A common stock

Sale

Transaction value: $319,290
Shares: -5,028,190
Change %: -31%
Price: $0.0635
Shares after: 10,934,440
Date: 06 Jun 2023
Ownership: By Starboard Value and Opportunity Master Fund Ltd
Footnotes: F1, F2, F3, F4

CYXTQ transaction

Class A common stock

Sale

Transaction value: $56,537
Shares: -890,350
Change %: -32%
Price: $0.0635
Shares after: 1,915,327
Date: 06 Jun 2023
Ownership: By Starboard Value and Opportunity S LLC
Footnotes: F1, F2, F3, F5

CYXTQ transaction

Class A common stock

Sale

Transaction value: $90,804
Shares: -1,429,992
Change %: -31%
Price: $0.0635
Shares after: 3,152,059
Date: 06 Jun 2023
Ownership: By Managed Account of Starboard Value LP
Footnotes: F1, F2, F3, F6

CYXTQ transaction

Class A common stock

Sale

Transaction value: $33,615
Shares: -529,375
Change %: -32%
Price: $0.0635
Shares after: 1,139,841
Date: 06 Jun 2023
Ownership: By Starboard Value and Opportunity C LP
Footnotes: F1, F2, F3, F7

CYXTQ transaction

Class A common stock

Sale

Transaction value: $25,835
Shares: -406,849
Change %: -32%
Price: $0.0635
Shares after: 880,996
Date: 06 Jun 2023
Ownership: By Starboard Value and Opportunity Master Fund L LP
Footnotes: F1, F2, F3, F8

CYXTQ transaction

Class A common stock

Sale

Transaction value: $45,418
Shares: -715,244
Change %: -35%
Price: $0.0635
Shares after: 1,332,674
Date: 06 Jun 2023
Ownership: By Starboard X Master Fund Ltd
Footnotes: F1, F2, F3, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

This Form 4 is filed jointly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"), Starboard Value and Opportunity S LLC ("Starboard S LLC"), Starboard Value LP ("Starboard Value LP"), Starboard Value GP LLC ("Starboard Value GP"), Starboard Principal Co LP ("Principal Co"), Starboard Principal Co GP, LLC ("Principal GP"), Starboard Value and Opportunity C LP ("Starboard C LP"), Starboard Value R LP ("Starboard R LP"), Starboard Value R GP LLC ("Starboard R GP"), Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"), Starboard Value L LP ("Starboard L LP"), Starboard X Master Fund Ltd ("Starboard X Master") and Peter A. Feld (collectively, the "Reporting Persons"). Jeffrey C. Smith reported the sale in a separate Form 4.

Footnote F2

To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Ordinary Shares. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Footnote F3

The total also reflects shares received in an in-kind distribution from SVAC Sponsor LLC for no consideration.

Footnote F4

Securities beneficially owned by Starboard V&O Fund. Starboard Value LP, as the investment manager of Starboard V&O Fund, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard V&O Fund. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard V&O Fund.

Footnote F5

Securities beneficially owned by Starboard S LLC. Starboard Value LP, as the manager of Starboard S LLC, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard S LLC. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard S LLC.

Footnote F6

Securities held in a certain account managed by Starboard Value LP (the "Starboard Value LP Account"). Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard Value LP and held by the Starboard Value LP Account.

Footnote F7

Securities beneficially owned by Starboard C LP. Each of Starboard R LP, as the general partner of Starboard C LP, and Starboard R GP, as the general partner of Starboard R LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Starboard Value LP, as the investment manager of Starboard C LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP.

Footnote F8

Securities beneficially owned by Starboard L Master. Each of Starboard L LP, as the general partner of Starboard L Master, and Starboard R GP, as the general partner of Starboard L LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard L LP. Starboard Value LP, as the investment manager of Starboard L Master, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard L Master. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard L Master.

Footnote F9

Securities beneficially owned by Starboard X Master. Starboard Value LP, as the investment manager of Starboard X Master, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard X Master. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard X Master.