Butterfield Stewart 4
4 · Slack Technologies, Inc. · Filed Apr 5, 2021
Insider Transaction Report
Form 4
Butterfield Stewart
DirectorChief Executive Officer
Transactions
- Conversion
Class A Common Stock
2021-04-01+228,801→ 1,325,818 total - Exercise/Conversion
Restricted Stock Units
2021-04-01−228,801→ 305,068 totalExp: 2023-06-08→ Class B Common Stock (228,801 underlying) - Conversion
Class B Common Stock
2021-04-01−228,801→ 38,355,865 total→ Class A Common Stock (228,801 underlying) - Sale
Class A Common Stock
2021-04-01$41.22/sh−102,148$4,210,541→ 1,223,670 total - Exercise/Conversion
Class B Common Stock
2021-04-01+228,801→ 38,584,666 total→ Class A Common Stock (228,801 underlying)
Footnotes (4)
- [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]Each RSU represents the right to receive one share of Class B Common Stock.
- [F4]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.