4//SEC Filing
Greenstein Scott Andrew 4
Accession 0001225208-24-008614
CIK 0000908937other
Filed
Sep 10, 8:00 PM ET
Accepted
Sep 11, 8:42 PM ET
Size
17.7 KB
Accession
0001225208-24-008614
Insider Transaction Report
Form 4
SIRIUS XM HOLDINGS INC.(SIRI)
Greenstein Scott Andrew
Pres., Entertainment & Sports
Transactions
- Award
Common Stock
2024-09-09+55,444→ 1,048,945 total - Disposition to Issuer
Stock Option (Right to Buy)
2024-09-09−10,982,764→ 0 totalExercise: $2.74From: 2025-05-26Exp: 2034-05-29→ Common Stock (10,982,764 underlying) - Disposition to Issuer
Common Stock
2024-09-09−993,501→ 55,444 total - Disposition to Issuer
Stock Option (Right to Buy)
2024-09-09−2,683,790→ 0 totalExercise: $6.36From: 2023-05-24Exp: 2030-12-08→ Common Stock (2,683,790 underlying) - Award
Stock Option (Right to Buy)
2024-09-09+1,098,276→ 1,098,276 totalExercise: $27.40From: 2025-05-26Exp: 2034-05-29→ Common Stock (1,098,276 underlying) - Award
Stock Option (Right to Buy)
2024-09-09+268,379→ 268,379 totalExercise: $63.60From: 2024-09-09Exp: 2030-12-08→ Common Stock (268,379 underlying)
Holdings
- 8,377(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Represents disposition of common stock of Sirius XM Holdings Inc. ("Old Sirius XM") and acquisition of common stock of Liberty Sirius XM Holdings Inc. ("New Sirius XM") at an exchange rate of ten (10) shares of Old Sirius XM common stock to one (1) New Sirius XM share of common stock, rounded down to the nearest whole share, in connection with the September 9, 2024 merger of Radio Merger Sub, LLC with and into Old Sirius XM, with Old Sirius XM continuing as the surviving company (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of December 11, 2023, as amended (the "Merger Agreement"). Includes the disposition of restricted stock units associated with shares of common stock of Old Sirius XM and acquisition of restricted stock units associated with shares of common stock of New Sirius XM in connection with the Merger. Following the closing of the Merger, New Sirius XM changed its name to Sirius XM Holdings Inc and Old Sirius XM changed its name to Sirius XM Inc.
- [F2]Mr. Greenstein was subject to the filing requirements under Section 16(a) of the Securities Exchange Act of 1934 while serving as an officer of Old Sirius XM since 2004. In the course of preparing this Form 4, the Issuer was unable to reconcile the reports filed by Mr. Greenstein under Section 16(a) with respect to Old Sirius XM with the information, including bank and brokerage account statements, provided by Mr. Greenstein. The Issuer believes that Mr. Greenstein's ownership in new Old Sirius XM, as reported under Section 16(a), may have been overstated by 43,906 shares of common stock. As a result, Mr. Greenstein's reported ownership has been adjusted to reflect this discrepancy.
- [F3]Disposition of options to acquire shares of common stock of Old Sirius XM outstanding prior to the closing of the Merger and the acquisition of options to acquire shares of common stock of New Sirius XM in connection with the Merger. Each ten (10) options to acquire shares of common stock of Old Sirius XM resulted in the issuance of one (1) option to acquire shares of common stock of New Sirius XM, rounded down to the nearest whole option.
- [F4]Approximately one-third of options will vest on each of 5/26/2025, 5/25/2026 and 5/24/2027.
Documents
Issuer
SIRIUS XM HOLDINGS INC.
CIK 0000908937
Entity typeother
Related Parties
1- filerCIK 0001289201
Filing Metadata
- Form type
- 4
- Filed
- Sep 10, 8:00 PM ET
- Accepted
- Sep 11, 8:42 PM ET
- Size
- 17.7 KB