Lance Rosenzweig - 14 Sep 2021 Form 4 Insider Report for Support.com, Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
15 Sep 2021, 18:27:13 UTC
Prior SEC filing
02 Jun 2021
Next SEC filing
10 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Lance Rosenzweig

Key filing fact

Lance Rosenzweig filed Form 4 for Support.com, Inc. on 15 Sep 2021.

Key facts

  • This page summarizes Lance Rosenzweig's Form 4 filing for Support.com, Inc..
  • 6 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 15 Sep 2021, 18:27.

Change

  • Previous filing in this sequence was filed on 02 Jun 2021.
  • Current net transaction value: +$37,743.

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.

SPRT transaction

Common Stock

Purchase

Transaction value
$16,490
Shares
+10,000
Change %
+9.7%
Price
$1.65*
Shares after
113,157
Date
14 May 2021
Ownership
Direct
Footnotes
F1
SPRT transaction

Common Stock

Purchase

Transaction value
$21,253
Shares
+9,727
Change %
+8.6%
Price
$2.18*
Shares after
122,884
Date
01 Sep 2021
Ownership
Direct
Footnotes
F2
SPRT transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-122,884
Change %
-100%
Price
Shares after
0
Date
14 Sep 2021
Ownership
Direct
Footnotes
F3, F4, F5
SPRT transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-100,000
Change %
-100%
Price
Shares after
0
Date
14 Sep 2021
Ownership
By the Lance Evan Rosenzweig Living Trust dated January 9, 2017
Footnotes
F3, F4

Reported derivative securities

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

SPRT transaction Derivative

Non-Qualified Stock Option

Disposed to Issuer

Transaction value
$0
Shares
-600,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
14 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
600,000
Exercise price
$1.61
Footnotes
F3, F4, F6, F7
SPRT transaction Derivative

Non-Qualified Stock Option

Disposed to Issuer

Transaction value
$0
Shares
-322,223
Change %
-100%
Price
$0.000000*
Shares after
0
Date
14 Sep 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
322,223
Exercise price
$1.61
Footnotes
F3, F4, F8, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 9 footnotes

Footnote F1

The Reporting Person is reporting the acquisition of 10,000 shares of common stock, par value $0.0001 per share, of Support.com, Inc., a Delaware corporation (the "Company") (the "Common Stock") pursuant to the Company's Amended and Restated 2011 Employee Stock Purchase Plan, on May 14, 2021.

Footnote F2

The Reporting Person is reporting the acquisition of 9,727 shares of Common Stock pursuant to the Company's Amended and Restated 2011 Employee Stock Purchase Plan, on September 1, 2021.

Footnote F3

The Company entered into an Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 19, 2021, by and among the Company, Greenidge Generation Holdings Inc., a Delaware corporation ("Greenidge") and GGH Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Greenidge ("Merger Sub"). On September 14, 2021, Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased and the Company survived the merger as a direct wholly owned subsidiary of Greenidge.

Footnote F4

(Continued from Footnote 3) Pursuant to the terms of the Merger Agreement, (i) each share of Common Stock and each restricted stock unit of the Company that was outstanding as of the closing of the merger (the "Closing") was converted into the right to receive 0.115 shares of class A common stock, par value $0.0001 per share, of Greenidge (the "Greenidge Class A Common Stock") (the "Exchange Ratio") and (ii) each holder of an option to purchase Common Stock that was outstanding as of the Closing received an amount of shares of Greenidge Class A Common Stock equal to the Exchange Ratio, multiplied by the number of shares of Common Stock underlying such option, less a number of shares of Greenidge Class A Common Stock to be withheld in satisfaction of the aggregate exercise price of such option and, unless such holder has elected to satisfy such obligation with cash, such holder's tax withholding obligations.

Footnote F5

Represents 97,504 shares of Common Stock and 25,380 restricted stock units held by the Reporting Person.

Footnote F6

The non-qualified stock option was granted to the Reporting Person under the Company's Third Amended and Restated 2010 Equity and Performance Incentive Plan ("2010 Option").

Footnote F7

The vesting of the shares subject to the 2010 Option are subject to a performance vesting requirement and a service vesting requirement, both of which must be satisfied during the term of the 2010 Option. Each share subject to the 2010 Option becomes vested on the later of the satisfaction of the performance vesting requirement and completion of the service vesting requirement.

Footnote F8

The non-qualified stock option was granted to the Reporting Person under the Company's 2014 Inducement Award Plan ("2014 Option").

Footnote F9

Subject to Reporting Person's continued employment with the Company, 1/36th of the shares subject to the 2014 Option vest each month beginning on August 10, 2020 ("Start Date"), with full vesting on the three (3) year anniversary of the Start Date.

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