DURAND ANDRE WONG 4
4 · Ping Identity Holding Corp. · Filed Apr 4, 2022
Insider Transaction Report
Form 4
DURAND ANDRE WONG
DirectorCEO, Director
Transactions
- Award
Options (Right to Buy)
2022-03-31+453,390→ 453,390 totalExercise: $7.85From: 2022-03-31Exp: 2026-06-30→ Common stock, $0.001 par value (453,390 underlying) - Award
Options (Right to Buy)
2022-03-31+55,250→ 55,250 totalExercise: $8.48From: 2022-03-31Exp: 2027-09-25→ Common stock, $0.001par value (55,250 underlying)
Footnotes (2)
- [F1]On June 30, 2016, the reporting person was granted an option to purchase 453,390 shares of common stock. The options were initially to vest and become exercisable following the receipt byaffiliates of Vista Equity Partners, LLC ("Vista") of a specified level of realized cash return on their investment. In January 2022, the compensation committee of the board of directors of Ping IdentityHolding Corp. ("Issuer") determined that Vista had nearly realized the specified level of returns and decided to accelerate all options granted to named executive officers prior to the Issuer's initialpublic offering. All options under this grant vested as of March 31, 2022.
- [F2]On September 25, 2017, the reporting person was granted an option to purchase 55,250 shares of common stock. The options were initially to vest and become exercisable following the receipt byaffiliates of Vista Equity Partners, LLC ("Vista") of a specified level of realized cash return on their investment. In January 2022, the compensation committee of the board of directors of Ping IdentityHolding Corp. ("Issuer") determined that Vista had nearly realized the specified level of returns and decided to accelerate all options granted to named executive officers prior to the Issuer's initialpublic offering. All options under this grant vested as of March 31, 2022.