4//SEC Filing
BLACK LEWIS WALTON 4
Accession 0001739942-25-000043
CIK 0001739942other
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 4:20 PM ET
Size
6.4 KB
Accession
0001739942-25-000043
Insider Transaction Report
Form 4
BLACK LEWIS WALTON
EVP, CFO, and Treasurer
Transactions
- Disposition to Issuer
Common Stock
2025-04-16$18.50/sh−426,431$7,888,974→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of February 7, 2025, by and among Starlight Parent, LLC ("Parent"), Starlight Merger Sub, Inc. ("Merger Subsidiary"), and the Issuer, Merger Subsidiary merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, and at the time of the Merger (the "Effective Time") each issued and outstanding share of the Issuer's Common Stock, par value $0.001 per share (the "Common Stock"), owned by the Reporting Person was cancelled and converted into the right to receive $18.50 per share in cash without interest thereon (the "Per Share Price").
- [F2]The shares of Common Stock reported as disposed by the Reporting Person are comprised of 426,431 unvested restricted stock units of the Issuer (the "Unvested RSUs"), which, pursuant to the Merger Agreement, were, at the Effective Time, automatically cancelled and converted into the contingent right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of (a) the Per Share Price and (b) the number of shares of Common Stock subject to such Unvested RSU (the "Cash Replacement Unvested RSU Amount"). The Cash Replacement Unvested RSU Amount will, subject to the Reporting Person's continued service through the applicable vesting dates, vest and be payable at the time when the RSU awards for which the Cash Replacement RSU Unvested Amounts were exchanged would have vested pursuant to the terms thereof.
Documents
Issuer
SolarWinds Corp
CIK 0001739942
Entity typeother
Related Parties
1- filerCIK 0001732387
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 4:20 PM ET
- Size
- 6.4 KB