SEC Form 4 · accession 0001209191-18-024535
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sameer Dholakia
Officer — President and CEO · Director
Period of report
Apr 10, 2018
Accepted (ET)
Apr 10, 2018 · 5:29 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 StockF2 | Apr 10, 2018 | S | 368,231 | $22.86 | D | 617,455 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person sold shares to the underwriters in connection with the closing of the Issuer's follow-on public offering. The reported sale price reflects the price at which the Reporting Person sold shares to the underwriters, which is net of underwriting commissions.
- F2Represent restricted stock units ("RSUs") previously reported as holdings of the Reporting Person. The RSUs will vest (i) in forty-eight (48) equal monthly installments commencing on the one-month anniversary of September 29, 2014 and (ii) upon separation from service, change in control or six (6) months after the Issuer's initial public offering.