Agarwal Ajay 4
4 · SendGrid, Inc. · Filed Jun 4, 2018
Insider Transaction Report
Form 4
SendGrid, Inc.SEND
Agarwal Ajay
Director
Transactions
- Award
Common Stock
2018-05-31+5,651→ 5,651 total
Holdings
- 2,464,811(indirect: See footnotes)
Common Stock
Footnotes (4)
- [F1]Automatic non-discretionary grant to the Reporting Person of a restricted stock unit ("RSU") under the Issuer's 2017 Equity Incentive Plan (the "Plan") in accordance with the Issuer's non-employee director compensation policy. One hundred percent (100%) of the shares subject to the RSU shall vest on next annual meeting of the Issuer's stockholders following the date of grant, subject to the Reporting Person's continued service on such vesting date.
- [F2]This filing relates to the grant of RSUs to the Reporting Person pursuant to the Plan described in the Issuer's Registration Statement on Form S-1 (333-224121) declared effective by the Securities and Exchange Commission on April 5, 2018. All of the RSU shares are subject to a lock-up agreement between the Reporting Person and certain underwriters.
- [F3]Represents shares of Common Stock directly owned by Bain Capital Venture Fund 2014, L.P., BCIP Venture Associates and BCIP Venture Associates-B (collectively, the "Bain Capital Entities").
- [F4]The governance, investment strategy and decision-making process with respect to the investments held by the Bain Capital Entities is directed by the Executive Committee of Bain Capital Venture Investors LLC ("BCVI"), which currently consists of Michael A. Krupka and Ajay Agarwal. As a result, BCVI and Messrs. Krupka and Agarwal may be deemed to share voting and dispositive power with respect to the securities held by the Bain Capital Entities. Each of BCVI and Messrs. Krupka and Agarwal disclaim beneficial ownership of such securities except to the extent of its or his pecuniary interest therein.