Key facts
- This page summarizes Jonathan H. King's Form 4 filing for Switch, Inc..
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 08 Dec 2022, 15:17.
Jonathan H. King - 06 Dec 2022 Form 4 Insider Report for Switch, Inc.
- Reporting relationship
- Chief Revenue Officer
- Issuer ticker
- N/A
- Reported as of
- 06 Dec 2022
- Net transaction value
- -$6,966,518
- SEC form
- 4
- Accepted by SEC
- 08 Dec 2022, 15:17:55 UTC
- Prior SEC filing
- 02 Dec 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Gabriel Nacht, as Attorney-in-Fact for Jonathan H. King
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Jonathan H. King filed Form 4 for Switch, Inc. on 08 Dec 2022.
Change
- Previous filing in this sequence was filed on 02 Dec 2022.
- Current net transaction value: -$6,966,518.
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.
SWCH
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +33,304
- Change %
- +20%
- Price
- Shares after
- 203,402
- Date
- 06 Dec 2022
- Ownership
- Direct
- Footnotes
- F1
SWCH
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $6,966,518
- Shares
- -203,402
- Change %
- -100%
- Price
- $34.25
- Shares after
- 0
- Date
- 06 Dec 2022
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SWCH
transaction
Derivative
Performance-Based Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -16,652
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 06 Dec 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 33,304
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Jonathan H. King is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Represents the settlement of performance-based restricted stock units into shares of Class A Common Stock based on maximum achievement of total shareholder return ("TSR") performance goals through the closing date of the merger (the "Merger") contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement"), dated May 11, 2022, by and among Switch, Inc. (the "Company"), Switch, Ltd., a Nevada limited liability company, Sunshine Merger Sub, Ltd., a Nevada limited liability company and a direct and wholly owned subsidiary of the Company, Sunshine Bidco Inc., a Delaware corporation ("Parent"), and Sunshine Parent Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent.
Footnote F2
Includes the full vesting and cancellation of 97,098 restricted stock units ("RSUs") in exchange for the per share cash Merger consideration of $34.25 on the Merger closing date in accordance with the terms of the Merger Agreement.
Footnote F3
Represents the cancellation of securities in exchange for the per share cash Merger consideration of $34.25, on the Merger closing date, in accordance with the terms of the Merger Agreement.