Joseph A. Inzerillo - 09 Sep 2024 Form 4 Insider Report for SIRIUS XM HOLDINGS INC. (SIRI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
11 Sep 2024, 20:42:17 UTC
Prior SEC filing
28 Aug 2024
Next SEC filing
25 Nov 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Patrick L. Donnelly, attorney in fact

Key filing fact

Joseph A. Inzerillo filed Form 4 for SIRIUS XM HOLDINGS INC. (SIRI) on 11 Sep 2024.

Key facts

  • This page summarizes Joseph A. Inzerillo's Form 4 filing for SIRIUS XM HOLDINGS INC. (SIRI).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 11 Sep 2024, 20:42.

Change

  • Previous filing in this sequence was filed on 28 Aug 2024.
  • 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

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.

(SIRI) transaction

Common Stock

Award

Transaction value
$0
Shares
+76,041
Change %
+10%
Price
$0.000000
Shares after
836,469
Date
09 Sep 2024
Ownership
Direct
Footnotes
F1
(SIRI) transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-760,428
Change %
-91%
Price
$0.000000
Shares after
76,041
Date
09 Sep 2024
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

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

(SIRI) transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-1,425,861
Change %
-100%
Price
Shares after
0
Date
09 Sep 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,425,861
Exercise price
$6.43
Footnotes
F3
(SIRI) transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value
Shares
+142,586
Change %
Price
Shares after
142,586
Date
09 Sep 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
142,586
Exercise price
$64.30
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents disposition of common stock of Sirius XM Holdings Inc. ("Old Sirius XM") and acquisition of common stock of Liberty Sirius XM Holdings Inc. ("New Sirius XM") at an exchange rate of ten (10) shares of Old Sirius XM common stock to one (1) New Sirius XM share of common stock, rounded down to the nearest whole share, in connection with the September 9, 2024 merger of Radio Merger Sub, LLC with and into Old Sirius XM, with Old Sirius XM continuing as the surviving company (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of December 11, 2023, as amended (the "Merger Agreement"). Includes the disposition of restricted stock units associated with shares of common stock of Old Sirius XM and acquisition of restricted stock units associated with shares of common stock of New Sirius XM in connection with the Merger. Following the closing of the Merger, New Sirius XM changed its name to Sirius XM Holdings Inc and Old Sirius XM changed its name to Sirius XM Inc.

Footnote F2

Represents the number of shares of common stock beneficially owned following the transactions described herein.

Footnote F3

Disposition of options to acquire shares of common stock of Old Sirius XM outstanding prior to the closing of the Merger and the acquisition of options to acquire shares of common stock of New Sirius XM in connection with the Merger. Each ten (10) options to acquire shares of common stock of Old Sirius XM resulted in the issuance of one (1) option to acquire shares of common stock of New Sirius XM, rounded down to the nearest whole option.

Footnote F4

47,530 will vest on 2/2/2025.

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