March 18, 2024 · Form 4 insider transaction
Smith Christian sold 124,889 shares of Splunk Inc., a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 1 day after the transaction.
Represents performance units ("PSUs") disposed of in connection with the Merger. A portion of the PSUs disposed of were vested as of the Effective Time and a portion remained subject to continued time-based vesting.; Pursuant to the Merger Agreement, unvested Performance Restricted Stock Units ("Unvested PSUs") outstanding as of immediately prior to the Closing Date, were cancelled and converted into the right to receive an amount in cash per share without interest, subject to applicable withholding taxes, equal to (x) the number of shares of Issuer common stock issuable upon settlement of such Unvested PSUs multiplied by (y) the Merger Consideration (such amount, the "Unvested Cash (PSUs)").; (continued from footnote 5) These Unvested Cash (PSUs) will vest and become payable at the same time as the applicable Unvested Company PSUs would have vested pursuant to its terms and will otherwise remain subject to the same terms, conditions, restrictions and service-based vesting arrangements (including any applicable provisions for accelerated vesting), in each case, as in effect from time to time unless otherwise superseded by any applicable contract between the holder and Issuer or Parent or their respective affiliates, effective after the Closing Date.; Pursuant to the Merger Agreement, each Vested Company PSU outstanding and that has not yet been settled as of immediately prior to the effective time of the Merger (the "Effective Time") was terminated and converted into the right to receive an amount in cash, without interest, subject to applicable withholding taxes, determined by multiplying (x) the number of shares of Issuer common stock issuable upon settlement of such Vested Company PSU by (y) the Merger Consideration.