SEC Form 4 · accession 0000899243-18-014915
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ajay Agarwal
Director
Period of report
May 31, 2018
Accepted (ET)
Jun 4, 2018 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001477425
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 31, 2018 | A | 5,651 | $0.00 | A | 5,651 | D | |
| Common StockF3,F4 | holding | — | — | — | 2,464,811 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Automatic non-discretionary grant to the Reporting Person of a restricted stock unit ("RSU") under the Issuer's 2017 Equity Incentive Plan (the "Plan") in accordance with the Issuer's non-employee director compensation policy. One hundred percent (100%) of the shares subject to the RSU shall vest on next annual meeting of the Issuer's stockholders following the date of grant, subject to the Reporting Person's continued service on such vesting date.
- F2This filing relates to the grant of RSUs to the Reporting Person pursuant to the Plan described in the Issuer's Registration Statement on Form S-1 (333-224121) declared effective by the Securities and Exchange Commission on April 5, 2018. All of the RSU shares are subject to a lock-up agreement between the Reporting Person and certain underwriters.
- F3Represents shares of Common Stock directly owned by Bain Capital Venture Fund 2014, L.P., BCIP Venture Associates and BCIP Venture Associates-B (collectively, the "Bain Capital Entities").
- F4The governance, investment strategy and decision-making process with respect to the investments held by the Bain Capital Entities is directed by the Executive Committee of Bain Capital Venture Investors LLC ("BCVI"), which currently consists of Michael A. Krupka and Ajay Agarwal. As a result, BCVI and Messrs. Krupka and Agarwal may be deemed to share voting and dispositive power with respect to the securities held by the Bain Capital Entities. Each of BCVI and Messrs. Krupka and Agarwal disclaim beneficial ownership of such securities except to the extent of its or his pecuniary interest therein.