SLTA IV (GP), L.L.C. - 16 Apr 2025 Form 4 Insider Report for SolarWinds Corp (SWI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 Apr 2025, 17:28:32 UTC
Prior SEC filing
13 Jan 2025
Next SEC filing
27 May 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: /s/ Andrew J. Schader; Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C.

Key filing fact

SLTA IV (GP), L.L.C. filed Form 4 for SolarWinds Corp (SWI) on 17 Apr 2025.

Key facts

  • This page summarizes SLTA IV (GP), L.L.C.'s Form 4 filing for SolarWinds Corp (SWI).
  • 5 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 17 Apr 2025, 17:28.

Change

  • Previous filing in this sequence was filed on 13 Jan 2025.
  • Current net transaction value: -$1,141,693,848.

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.

SWI transaction

Common Stock

Disposed to Issuer

Transaction value
$4,427,235
Shares
-239,310
Change %
-100%
Price
$18.50
Shares after
0
Date
16 Apr 2025
Ownership
See footnote
Footnotes
F1, F2
SWI transaction

Common Stock

Disposed to Issuer

Transaction value
$801,760,511
Shares
-43,338,406
Change %
-100%
Price
$18.50
Shares after
0
Date
16 Apr 2025
Ownership
Held through Silver Lake Partners IV, L.P.
Footnotes
F1, F3, F7
SWI transaction

Common Stock

Disposed to Issuer

Transaction value
$13,177,938
Shares
-712,321
Change %
-100%
Price
$18.50
Shares after
0
Date
16 Apr 2025
Ownership
Held through Silver Lake Technology Investors IV, L.P.
Footnotes
F1, F4, F7
SWI transaction

Common Stock

Disposed to Issuer

Transaction value
$320,481,402
Shares
-17,323,319
Change %
-100%
Price
$18.50
Shares after
0
Date
16 Apr 2025
Ownership
Held through SLP Aurora Co-Invest, L.P.
Footnotes
F1, F5, F7
SWI transaction

Common Stock

Disposed to Issuer

Transaction value
$1,846,762
Shares
-99,825
Change %
-100%
Price
$18.50
Shares after
0
Date
16 Apr 2025
Ownership
Held through Silver Lake Technology Associates IV, L.P.
Footnotes
F1, F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

SLTA IV (GP), L.L.C. 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

On April 16, 2025, pursuant to the Agreement and Plan of Merger dated as of February 7, 2025, by and among Starlight Parent, LLC ("Parent"), Starlight Merger Sub, Inc. ("Merger Subsidiary"), and the Issuer, Merger Subsidiary merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, and at the time of the Merger each issued and outstanding share of the Issuer's Common Stock, par value $0.001 per share (the "Shares"), owned by the Reporting Person was cancelled and converted into the right to receive $18.50 per share in cash without interest thereon. Messers. Hao and Widmann resigned from the board of directors of the Issuer effective upon closing of the Merger.

Footnote F2

These securities were held by Kenneth Y. Hao and Michael Widmann, directors of the Issuer and executives of Silver Lake Group, L.L.C. ("SLG") and Jason White and Michael Bingle, former directors of the Issuer and executives of SLG, as part of the Issuer's director compensation program, for the benefit of one or more of the Reporting Persons and/or certain of their affiliates or certain of the funds they manage ("Silver Lake"). Pursuant to Silver Lake's policies with respect to director compensation, upon the sale of these securities, the proceeds from each sale will be expected to be remitted to Silver Lake and/or its limited partners.

Footnote F3

These securities were directly held by Silver Lake Partners IV, L.P. ("SLP IV"). The general partner of SLP IV is Silver Lake Technology Associates IV, L.P. ("SLTA IV"), and the general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP").

Footnote F4

These securities were directly held by Silver Lake Technology Investors IV, L.P. ("SLTI IV"). The general partner of SLTI IV is SLTA IV, and the general partner of SLTA IV is SLTA IV GP.

Footnote F5

These securities were directly held by SLP Aurora Co-Invest, L.P. ("SLP Aurora"). The general partner of SLP Aurora is SLP Denali Co-Invest GP, L.L.C. ("SLP Denali GP"). The managing member of SLP Denali GP is Silver Lake Technology Associates III, L.P. ("SLTA III"), and the general partner of SLTA III is SLTA III (GP), L.L.C. ("SLTA III GP").

Footnote F6

These securities were directly held by SLTA IV. The general partner of SLTA IV is SLTA IV GP. SLTA IV directly holds such Shares and expects at a future date to distribute such Shares to certain direct and indirect partners of SLTA IV, for the sole purpose of charitable giving.

Footnote F7

SLG is the managing member of SLTA III GP and SLTA IV GP. Messrs. Kenneth Y. Hao and Michael Widmann serve as directors of the Issuer and are executives of SLG. Each of SLP IV, SLTI IV, SLTA IV, SLTA IV GP, SLP Aurora, SLP Denali GP, SLTA III, SLTA III GP and SLG may be deemed to be a director by deputization of the Issuer. This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, that the Reporting Persons are or were the beneficial owners of any equity securities in excess of their respective pecuniary interests, and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.

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