COTE DAVID M 4
4 · Vertiv Holdings Co · Filed Mar 11, 2025
Insider Transaction Report
Form 4
COTE DAVID M
DirectorExecutive Chairman
Transactions
- Gift
Stock Option
2025-03-10+86,956→ 86,956 total(indirect: See Footnote)Exercise: $11.50Exp: 2032-03-03→ Class A Common Stock (86,956 underlying) - Gift
Stock Option
2025-03-10−115,942→ 0 totalExercise: $12.05Exp: 2030-02-07→ Class A Common Stock (115,942 underlying) - Gift
Stock Option
2025-03-10+25,000→ 25,000 total(indirect: See Footnote)Exercise: $15.84Exp: 2033-03-07→ Class A Common Stock (25,000 underlying) - Gift
Stock Option
2025-03-10−115,942→ 0 totalExercise: $20.56Exp: 2031-02-04→ Class A Common Stock (115,942 underlying) - Gift
Stock Option
2025-03-10+115,942→ 115,942 total(indirect: See Footnote)Exercise: $20.56Exp: 2031-02-04→ Class A Common Stock (115,942 underlying) - Gift
Stock Option
2025-03-10−25,000→ 75,000 totalExercise: $15.84Exp: 2033-03-07→ Class A Common Stock (25,000 underlying) - Gift
Stock Option
2025-03-10+115,942→ 115,942 total(indirect: See Footnote)Exercise: $12.05Exp: 2030-02-07→ Class A Common Stock (115,942 underlying) - Gift
Stock Option
2025-03-10−86,956→ 28,986 totalExercise: $11.50Exp: 2032-03-03→ Class A Common Stock (86,956 underlying)
Holdings
- 200(indirect: See Footnote)
Class A Common Stock
- 62,258.03(indirect: See Footnote)
Class A Common Stock
- 50,000
Stock Option
Exercise: $72.09Exp: 2034-03-07→ Class A Common Stock (50,000 underlying)
Footnotes (5)
- [F1]Reflects securities held directly by the Reporting Person's spouse.
- [F2]Reflects securities held directly by David M. Cote 2018 Revocable Trust, of which the Reporting Person is the trustee.
- [F3]The Reporting Person holds an aggregate of 497,826 stock options, including (i) 115,942 stock options granted on February 7, 2020, which vested as to 28,985 on February 7, 2021, 28,986 on February 7, 2022, 28,985 on February 7, 2023, and 28,986 on February 7, 2024 (the "2020 Vested Options"), (ii) 115,942 stock options granted on February 4, 2021, which vested as to 28,986 on each of February 4, 2022 and February 4, 2023, 28,985 on February 4, 2024, and 28,985 on February 4, 2025 (the "2021 Vested Options"), (iii) 115,942 stock options granted on March 3, 2022, which vested as to 28,985 on each of March 3, 2023 and March 3, 2024, and 28,986 on March 3, 2025 (the "2022 Vested Options"), and which will vest as to 28,986 on March 3, 2026, (cont'd in FN4)
- [F4](cont'd from FN3) (iv) 100,000 stock options granted on March 7, 2023, which vested as to 25,000 on March 15, 2024 (the "2023 Vested Options," and together with the 2020 Vested Options, the 2021 Vested Options and the 2022 Vested Options, the "Fully Vested Options"), and which will vest as to 25,000 on each of March 15, 2025, March 15, 2026 and March 15, 2027, and (v) 50,000 stock options granted to the reporting person on March 7, 2024, which will vest as to 12,500 on each of March 15, 2025, March 15, 2026, March 15, 2027 and March 15, 2028. No exercises with respect to the stock options are being reported in this Form 4.
- [F5]The Reporting Person previously directly beneficially owned these options. On March 10, 2025, the Reporting Person gifted the Fully Vested Options to a grantor retained annuity trust (the "trust"), of which the Reporting Person is the trustee and annuitant and over which securities the Reporting Person maintains indirect beneficial ownership. As of the date of this Form 4, these options have not been exercised and remain held by the trust.