Daniel L. Jablonsky - 03 May 2023 Form 4 Insider Report for Maxar Technologies Inc.

Reporting relationship: President and CEO, Director
Issuer ticker: N/A
Reported as of: 03 May 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 05 May 2023, 16:52:56 UTC
Prior SEC filing: 06 Mar 2023
Next SEC filing: 04 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Eric J. Pagels, attorney-in-fact for Daniel L. Jablonsky

Key filing fact

Daniel L. Jablonsky filed Form 4 for Maxar Technologies Inc. on 05 May 2023.

Key facts

This page summarizes Daniel L. Jablonsky's Form 4 filing for Maxar Technologies Inc..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 05 May 2023, 16:52.

Change

Previous filing in this sequence was filed on 06 Mar 2023.
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.

MAXR transaction

Common Stock

Award

Transaction value
Shares: +225,048
Change %: +39%
Price
Shares after: 801,753
Date: 03 May 2023
Ownership: Direct
Footnotes: F1, F2

MAXR transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -801,753
Change %: -100%
Price
Shares after: 0
Date: 03 May 2023
Ownership: Direct
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Daniel L. Jablonsky 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

Pursuant to the Agreement and Plan of Merger dated as of Dec. 15, 2022 by and among the Issuer, Galileo Parent, Inc., a Delaware corporation, Galileo Bidco, Inc., a Delaware corporation, and Galileo Topco, Inc., a Delaware corporation ("Merger Agreement"), the number of shares of Issuer common stock underlying restricted stock units previously awarded by the Issuer that were subject to performance-based vesting conditions was deemed to equal the target number of shares subject to the applicable award multiplied by the applicable performance percentage set forth in the Merger Agreement. In accordance with the Merger Agreement, these awards converted into the right to receive a cash payment (without interest and subject to applicable taxes) equal to the amount obtained by multiplying the foregoing number of shares underlying each such award by $53.00, with the aggregate amount of such payment rounded down to the nearest cent.

Footnote F2

Includes 34,037 shares underlying restricted stock units that were granted in March 2023 and subject to time-based vesting conditions. Pursuant to the Merger Agreement (i) 33% of such RSUs were canceled and converted into a right to receive $53.00 per share of Issuer common stock covered by such RSUs (without interest and less any applicable withholding taxes) and (ii) 67% of such RSUs were converted into a right to receive a cash payment equal to $53.00 per share of Issuer common stock covered by such RSUs (without interest and less any applicable withholding taxes), to be distributed in two substantially equal installments on January 1, 2024 and January 1, 2025, subject to the holder's continued employment with the Issuer or earlier severance-qualifying termination.

Footnote F3

Pursuant to the Merger Agreement, each share of Issuer common stock, par value $0.0001 per share, and each share of Issuer common stock underlying restricted stock units subject to time-based vesting conditions (except as described in footnote 2 with respect to time-based restricted stock units granted in 2023), automatically and without any required action by the Reporting Person, was converted into the right to receive a cash payment (without interest and subject to any applicable taxes) of $53.00.