4//SEC Filing
Beedgen Christian 4
Accession 0001209191-23-028995
CIK 0001643269other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 4:07 PM ET
Size
13.5 KB
Accession
0001209191-23-028995
Insider Transaction Report
Form 4
Sumo Logic, Inc.SUMO
Beedgen Christian
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2023-05-12−14,584→ 0 totalExercise: $1.92Exp: 2026-09-27→ Common Stock (14,584 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−482,176→ 0 totalExercise: $2.65Exp: 2027-07-31→ Common Stock (482,176 underlying) - Disposition to Issuer
Common Stock
2023-05-12−2,436,468→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−76,960→ 0 totalExercise: $0.98Exp: 2024-03-02→ Common Stock (76,960 underlying)
Footnotes (5)
- [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.
- [F2]Pursuant to the terms of the Company's Outside Director Compensation Policy and/or the applicable award agreement governing such RSU, at the Effective Time, each unvested RSU was accelerated and converted into the right to receive an amount in cash equal to the Per Share Price.
- [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]On February 9, 2023, Sumo Logic, Inc. ("Sumo Logic") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Serrano Parent, LLC ("Parent") and Serrano Merger Sub, Inc. ("Merger Sub"). The Merger Agreement provides that, subject to the terms and conditions set forth in the Merger Agreement, Merger Sub will merge with and into Sumo Logic (the "Merger"), with Sumo Logic continuing as the surviving corporation of the Merger and a wholly owned subsidiary of Parent (the "Surviving Corporation").
- [F5]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 0001822612
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 4:07 PM ET
- Size
- 13.5 KB