SEC Form 4 · accession 0001209191-18-059570
SVMK Inc. · SVMK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Maly
Officer — Cheif Financial Officer & COO
Period of report
Sep 25, 2018
Accepted (ET)
Nov 20, 2018 · 6:36 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,F3 | Sep 25, 2018 | F | 12,967 | $12.00 | D | 855,774 | D | |
| Common StockF4,F5,F3 | Nov 16, 2018 | S | 8,390 | $12.3921 | D | 847,384 | 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.
- F2Reflects the disposition by the Reporting Person of 4,325 shares of common stock on August 15, 2018, to the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of restricted stock units, which disposition was not reflected in the number of shares reported as held by the Reporting Person in the Form 3 filed on September 25, 2018.
- F3Certain 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.
- F4These shares were automatically sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
- F5This transaction was executed in multiple trades at prices ranging from $12.37 to $12.8091. 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.