4//SEC Filing
Sayar Ramin 4
Accession 0001209191-23-028991
CIK 0001643269other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 4:05 PM ET
Size
18.5 KB
Accession
0001209191-23-028991
Insider Transaction Report
Form 4
Sumo Logic, Inc.SUMO
Sayar Ramin
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock
2023-05-12−738,797→ 0 total - Disposition to Issuer
Common Stock
2023-05-12−2,662→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2023-05-12−7,428→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2023-05-12−7,428→ 0 total(indirect: See footnote) - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−1,838,422→ 0 totalExercise: $1.15Exp: 2024-12-02→ Common Stock (1,838,422 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−1,033,805→ 0 totalExercise: $2.65Exp: 2027-07-31→ Common Stock (1,033,805 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−455,616→ 0 totalExercise: $3.68Exp: 2029-03-11→ Common Stock (455,616 underlying)
Footnotes (6)
- [F1]Certain of these shares are represented by previously reported restricted stock units ("RSUs"). At the effective time of the merger (the "Effective Time") each issued and outstanding RSU was cancelled and converted into the right to receive an amount equal to $12.05 in cash (the "Per Share Price"), subject to the terms set forth in the Merger Agreement. Following the Effective Time, the cash payments relating to the unvested RSUs are subject to the Reporting Person's continued service with the Company through the applicable vesting dates that would have otherwise applied to the corresponding RSU.
- [F2]Includes 3,302 shares acquired under the Issuer's Employee Stock Purchase Plan on May 5, 2023.
- [F3]Pursuant to an Agreement and Plan of Merger (the "Merger Agreement") between Serrano Parent, Serrano Merger Sub, Inc., and Sumo Logic (the "Company"), each issued and outstanding share of the Company's common stock was cancelled and converted into the right to receive an amount in cash equal to the Per Share Price.
- [F4]These shares are held of record by The Sayar Family Trust, for which the Reporting Person serves as co-trustee.
- [F5]Shares are held in trusts for the benefit of each of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F6]At the Effective Time, each issued and outstanding stock option was cancelled and converted into the right to receive an amount in cash equal to (x) the Per Share Price, over (y) the exercise price per share of such stock option, subject to the terms set forth in the Merger Agreement. Following the Effective Time, the cash payments relating to the unvested shares underlying the stock option are subject to the Reporting Person's continued service with the Company through the applicable vesting dates that would have otherwise applied to the corresponding stock option.
Documents
Issuer
Sumo Logic, Inc.
CIK 0001643269
Entity typeother
Related Parties
1- filerCIK 0001822614
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 4:05 PM ET
- Size
- 18.5 KB