Chettiar Suku Krishnaraj 4
4 · Sumo Logic, Inc. · Filed May 12, 2023
Insider Transaction Report
Form 4
Sumo Logic, Inc.SUMO
Chettiar Suku Krishnaraj
Chief Marketing Officer
Transactions
- Disposition to Issuer
Common Stock
2023-05-12−305,966→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−372,463→ 0 totalExercise: $1.38Exp: 2025-09-16→ Common Stock (372,463 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−120,000→ 0 totalExercise: $3.68Exp: 2028-12-10→ Common Stock (120,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-05-12−100,000→ 0 totalExercise: $2.65Exp: 2027-12-04→ Common Stock (100,000 underlying)
Footnotes (3)
- [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]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.
- [F3]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.