Key facts
- This page summarizes Darrell Benatar's Form 4 filing for UserTesting, Inc..
- 4 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 13 Jan 2023, 17:20.
Darrell Benatar - 12 Jan 2023 Form 4 Insider Report for UserTesting, Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 12 Jan 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 13 Jan 2023, 17:20:19 UTC
- Prior SEC filing
- 16 Nov 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mona Sabet as attorney-in-fact for Darrell Benatar
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Darrell Benatar filed Form 4 for UserTesting, Inc. on 13 Jan 2023.
Change
- Previous filing in this sequence was filed on 16 Nov 2021.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
USER
transaction
Common Stock
Gift
- Transaction value
- $0
- Shares
- -1,000,000
- Change %
- -16%
- Price
- $0.000000
- Shares after
- 5,176,674
- Date
- 04 Jan 2023
- Ownership
- By trust
- Footnotes
- F1, F2
USER
transaction
Common Stock
Gift
- Transaction value
- $0
- Shares
- +1,000,000
- Change %
- Price
- $0.000000
- Shares after
- 1,000,000
- Date
- 04 Jan 2023
- Ownership
- See Footnote
- Footnotes
- F1, F3
USER
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -5,176,674
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 12 Jan 2023
- Ownership
- By trust
- Footnotes
- F2, F4
USER
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -1,000,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 12 Jan 2023
- Ownership
- See Footnote
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Darrell Benatar is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Represents 1,000,000 shares of the Issuer's Common Stock that the Reporting Person transferred as a gift.
Footnote F2
These securities are held by the D&L Benatar 2014 Revocable Trust, of which the Reporting Person is the manager and lifetime beneficiary.
Footnote F3
These securities are held by The Emily Benatar Foundation.
Footnote F4
On October 26, 2022, UserTesting, Inc., a Delaware corporation (the "Issuer" or the "Company") entered into the Agreement and Plan of Merger (the "Merger Agreement"), with Thunder Holdings, LLC, a Delaware limited liability company ("Parent"), and Thunder Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub merged with and into the Company (such merger and the other transactions contemplated by the Merger Agreement, the "Merger") with the Company surviving the Merger as a wholly owned subsidiary of Parent. Upon the closing (the "Closing") of the Merger on January 12, 2023, each share of the Company's Common Stock, par value $0.0001 per share ("Common Stock"), was cancelled and automatically converted into the right to receive an amount in cash, without interest, equal to $7.50 (the "Merger Consideration"), less any applicable withholding taxes.