SEC Form 4 · accession 0001209191-18-041096
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
Jun 29, 2018
Accepted (ET)
Jul 3, 2018 · 4:30 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,F3 | Jun 29, 2018 | F | 6,198 | $26.52 | D | 338,556 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of Common Stock withheld by the Issuer in satisfaction of its tax withholding obligation with respect to the vesting and settlement of 12,864 previously reported restricted stock units ("RSUs") granted to the Reporting Person.
- F2This filing relates to the vesting and settlement of previously reported RSUs held by the Reporting Person pursuant to a grant under one of the Issuer's equity incentive plans, which plan is 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. None of the shares of Common Stock received upon settlement of the RSUs were sold by the Reporting Person and all of such shares are subject to a lock-up agreement between the Reporting Person and certain underwriters.
- F3Includes 38,591 RSUs previously reported as holdings of the Reporting Person. The RSUs will vest, and the shares will be delivered to the Reporting Person in a series of three equal monthly installments commencing on July 29, 2018 until fully vested on September 29, 2018, provided in each case that the Reporting Person's continuous service to the Issuer has not been terminated as defined in or as determined under the Issuer's 2012 Equity Incentive Plan.