Bhat Phalachandra 4
4 · NEW RELIC, INC. · Filed Nov 13, 2023
Insider Transaction Report
Form 4
NEW RELIC, INC.NEWR
Bhat Phalachandra
Director
Transactions
- Exercise/Conversion
COMMON STOCK
2023-11-08+2,705→ 6,608 total - Disposition to Issuer
COMMON STOCK
2023-11-08−6,608→ 0 total - Exercise/Conversion
Restricted Stock Units (RSUs)
2023-11-08−324→ 0 total→ Common Stock (324 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
2023-11-08−2,381→ 0 total→ Common Stock (2,381 underlying)
Footnotes (2)
- [F1]On November 8, 2023, pursuant to the Agreement and Plan of Merger, dated as of July 30, 2023, (the "Merger Agreement"), by and among Crewline Buyer, Inc., a Delaware corporation ("Parent"), Crewline Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), and New Relic, Inc. ("Issuer"), Merger Sub merged with and into Issuer and the separate corporate existence of Merger Sub ceased, with Issuer continuing as the surviving corporation (the "Merger") and a wholly owned subsidiary of Parent, and each outstanding restricted stock unit held by the Reporting Person was converted into the right to receive $87.00 in cash (the "Merger Consideration"), subject to any continued vesting conditions in accordance with the terms of the Merger Agreement.
- [F2]Pursuant to the Merger Agreement, each outstanding share of common stock held by the Reporting Person was cancelled and converted into the right to receive the Merger Consideration.