SEC Form 4 · accession 0001209191-18-059543
SVMK Inc. · SVMK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lora D Blum
Officer — Sr VP, Gen Counsel & Secretary
Period of report
Sep 25, 2018
Accepted (ET)
Nov 20, 2018 · 6:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001739936
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 25, 2018 | F | 11,515 | $12.00 | D | 94,485 | D | |
| Common StockF3,F4,F2 | Nov 16, 2018 | S | 2,685 | $12.3946 | D | 91,800 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares have been withheld by the Issuer, in an exempt disposition to the Issuer under Rule 16b-3(e), to satisfy its income tax withholding and remittance obligations in connection with the net settlement of restricted stock units pursuant to the Issuer's initial public offering and does not represent a sale by the Reporting Person.
- F2Certain of these securities are restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock, subject to the applicable vesting schedule and conditions.
- F3These shares were automatically sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
- F4This transaction was executed in multiple trades at prices ranging from $12.37 to $12.8583. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.