4//SEC Filing
Butterfield Stewart 4
Accession 0001764925-21-000012
CIK 0001764925other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 5:01 PM ET
Size
15.7 KB
Accession
0001764925-21-000012
Insider Transaction Report
Form 4
Butterfield Stewart
DirectorChief Executive Officer
Transactions
- Conversion
Class A Common Stock
2021-01-04+228,801→ 1,211,424 total - Sale
Class A Common Stock
2021-01-05$42.08/sh−87,879$3,697,948→ 1,123,545 total - Exercise/Conversion
Restricted Stock Units
2021-01-04−228,801→ 533,869 totalExp: 2023-06-08→ Class B Common Stock (228,801 underlying) - Exercise/Conversion
Class B Common Stock
2021-01-04+228,801→ 38,584,666 total→ Class A Common Stock (228,801 underlying) - Sale
Class A Common Stock
2021-01-05$42.09/sh−26,528$1,116,564→ 1,097,017 total - Conversion
Class B Common Stock
2021-01-04−228,801→ 38,355,865 total→ Class A Common Stock (228,801 underlying)
Footnotes (6)
- [F1]Each share of Class B Common Stock is convertible without payment or consideration into one share of Class A Common Stock at the option of the holder and has no expiration date.
- [F2]Shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs).
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.94 to $42.19. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.05 to $42.14. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]Each RSU represents the right to receive one share of Class B Common Stock.
- [F6]The RSUs are subject to time-based and performance-based vesting criteria. The time-based vesting occurred with respect to 130,743 of the units on October 1, 2017; and the remaining units vested at a rate of 4.286% of the total RSU grant per quarter thereafter until June 20, 2019, at which point the remaining unvested units began vesting at a rate of 7.5% of the total RSU grant per quarter, subject, in each case, to the Reporting Persons's continued service with the Issuer on each such date. The performance-based criteria was satisfied upon the Issuer's listing and public trading of its Class A Common Stock on June 20, 2019.
Documents
Issuer
Slack Technologies, Inc.
CIK 0001764925
Entity typeother
Related Parties
1- filerCIK 0001775610
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 5:01 PM ET
- Size
- 15.7 KB