Thomas Thomas A 4
4 · Switch, Inc. · Filed May 4, 2022
Insider Transaction Report
Form 4
Switch, Inc.SWCH
Thomas Thomas A
Director
Transactions
- Disposition to Issuer
Class B Common Stock
2022-05-02−500,000→ 5,357,500 total - Exercise/Conversion
Class A Common Stock
2022-05-02+500,000→ 3,158,397 total - Exercise/Conversion
Common Units
2022-05-02−500,000→ 5,357,500 total→ Class A Common Stock (500,000 underlying)
Footnotes (2)
- [F1]Represents shares of Class B Common Stock of the Issuer owned by the reporting person that were, pursuant to the Amended and Restated Articles of Incorporation (the "Articles") of the Issuer, forfeited and cancelled for no consideration upon redemption and conversion of an equal number of common membership units (the "Common Units") of Switch, Ltd. (the "LLC"). The Class B Common Stock only confers voting rights (one vote per share) and does not confer economic rights.
- [F2]The reporting person surrendered for redemption and conversion Common Units of the LLC into an equal number of number of shares of the Issuer's Class A Common Stock pursuant to the Articles of the Issuer and the Fifth Amended and Restated Operating Agreement of the LLC. The Common Units have no expiration date.