Sanjay Kumar Singh - 23 Jun 2022 Form 4 Insider Report for DATTO HOLDING CORP.

Reporting relationship: CHIEF REVENUE OFFICER
Issuer ticker: N/A
Reported as of: 23 Jun 2022
Net transaction value: -$13,003,313
SEC form: 4
Accepted by SEC: 27 Jun 2022, 21:40:31 UTC
Prior SEC filing: 05 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Adam Collicelli, by Power of Attorney

Key filing fact

Sanjay Kumar Singh filed Form 4 for DATTO HOLDING CORP. on 27 Jun 2022.

Key facts

This page summarizes Sanjay Kumar Singh's Form 4 filing for DATTO HOLDING CORP..
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 27 Jun 2022, 21:40.

Change

Previous filing in this sequence was filed on 05 Apr 2022.
Current net transaction value: -$13,003,313.

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.

MSP transaction

Common Stock

Disposed to Issuer

Transaction value: $4,751,888
Shares: -133,856
Change %: -100%
Price: $35.50
Shares after: 0
Date: 23 Jun 2022
Ownership: Direct
Footnotes: F1, F2, F3, F4

MSP transaction

Common Stock

Disposed to Issuer

Transaction value: $24,814
Shares: -699
Change %: -100%
Price: $35.50
Shares after: 0
Date: 23 Jun 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MSP transaction Derivative

Stock Options

Disposed to Issuer

Transaction value: $5,169,521
Shares: -206,533
Change %: -100%
Price: $25.03
Shares after: 0
Date: 23 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 206,533
Exercise price: $10.47
Footnotes: F1, F5, F6

MSP transaction Derivative

Stock Options

Disposed to Issuer

Transaction value: $3,057,090
Shares: -134,555
Change %: -100%
Price: $22.72
Shares after: 0
Date: 23 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 134,555
Exercise price: $12.78
Footnotes: F1, F5, F7

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Sanjay Kumar Singh is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated April 11, 2022, by and among Knockout Parent Inc., Knockout Merger Sub Inc., the Issuer, and, for certain limited purposes set forth in the Merger Agreement, Kaseya Holdings Inc. and Kaseya Inc. (the "Merger Agreement"), each share of the Issuer's common stock ("Common Stock") was canceled and converted into the right to receive $35.50 per share in cash without interest, subject to required withholding taxes.

Footnote F2

Pursuant to the Merger Agreement, as of June 23, 2022 (the "Effective Time"), each restricted stock unit of the Issuer (an "RSU") that is unexpired, unexercised, outstanding and vested as of immediately prior to the Effective Time or that vested in accordance with its terms as a result of the consummation of the merger and other transactions contemplated by the Merger Agreement (a "Vested RSU") was canceled and converted into the right to receive an amount in cash equal to the product of (i) $35.50 and (ii) the total number of shares of Common Stock subject to such Vested RSUs as of immediately prior to the Effective Time.

Footnote F3

Pursuant to the Merger Agreement, RSUs that were outstanding as of immediately prior to the Effective Time that were not Vested RSUs ("Unvested RSUs") were, at the Effective Time, canceled and converted into the right to receive an amount in cash equal to the product of (i) $35.50 and (ii) the total number of shares of Common Stock subject to such Unvested RSUs (the "Cash Replacement RSU Amounts"), which Cash Replacement RSU Amounts will be paid at the same time that the Unvested RSUs would have vested pursuant to their terms.

Footnote F4

Consists of RSUs granted on December 17, 2020, of which 25% vested on the first anniversary of the grant date and quarterly thereafter at a rate of 6.25% as long as such individual continues to be employed as of each respective vest date. At the Effective Time, the 6,546 Vested RSUs were canceled in exchange for a cash payment representing $35.50 for each outstanding Vested RSU. The remaining 103,125 Unvested RSUs were canceled and converted into the right to receive a cash payment which represents $35.50 for each outstanding Unvested RSU, which will vest and be payable at the same time as the Unvested RSUs for which such cash amount was exchanged.

Footnote F5

Pursuant to the Merger Agreement, each option to purchase Issuer common stock (an "Option") that was unexpired, unexercised, outstanding and vested as of immediately prior to June 23, 2022 (the "Effective Time") or that vested in accordance with its terms as a result of the consummation of the Merger and the other transactions contemplated by the Merger Agreement (a "Vested Option"), was, at the Effective Time, canceled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of Common Stock subject to such Vested Option as of immediately prior to the Effective Time and (ii) the excess, if any, of $35.50 over the per share exercise price of such Vested Option.

Footnote F6

At the Effective Time, these 206,533 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.

Footnote F7

At the Effective Time, these 134,555 Options were canceled in exchange for a cash payment representing the difference between $35.50 and the exercise price of the option per share.