SEC Form 4 · accession 0001209191-19-002897
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carrie Palin
Officer — Chief Marketing Officer
Period of report
Jan 4, 2019
Accepted (ET)
Jan 8, 2019 · 6:36 pm EST
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,F3 | Jan 4, 2019 | S | 2,494 | $40.89 | D | 109,801 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of Common Stock were sold pursuant to a 10b5-1 plan and the sales reported include the sale of shares to cover the tax obligation that occurred upon the vesting of previously reported restricted stock units.
- F2Includes 98,698 shares issued as restricted stock units (an "RSU") under the Issuer's 2017 Equity Incentive Plan (the "Plan"). The RSUs will vest and the shares will be delivered to the Reporting Person in a series of quarterly installments commencing on April 1, 2019 until fully vested on October 1, 2022, 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 Plan.
- F3Includes 7,018 shares issued as RSUs under the Plan. Subject to the Reporting Person's continuous service to the Issuer (as defined in the Plan) on such date, 100% of the RSU will vest on March 31, 2019.