Phalachandra Bhat - Nov 8, 2023 Form 4 Insider Report for NEW RELIC, INC. (NEWR)

Role: Director
Signature: Phalachandra Bhat, by /s/ Lauren Walz, Attorney-in-Fact
Stock symbol: NEWR
Transactions as of: Nov 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/13/2023, 06:07 AM
Previous filing: Aug 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEWR	COMMON STOCK	Options Exercise		+2.71K	+69.31%		6.61K	Nov 8, 2023	Direct	F1
transaction	NEWR	COMMON STOCK	Disposed to Issuer		-6.61K	-100%		0	Nov 8, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NEWR	Restricted Stock Units (RSUs)	Options Exercise		-324	-100%		0	Nov 8, 2023	Common Stock	324		Direct	F1
transaction	NEWR	Restricted Stock Units (RSUs)	Options Exercise		-2.38K	-100%		0	Nov 8, 2023	Common Stock	2.38K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Phalachandra Bhat is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On November 8, 2023, pursuant to the Agreement and Plan of Merger, dated as of July 30, 2023, (the "Merger Agreement"), by and among Crewline Buyer, Inc., a Delaware corporation ("Parent"), Crewline Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), and New Relic, Inc. ("Issuer"), Merger Sub merged with and into Issuer and the separate corporate existence of Merger Sub ceased, with Issuer continuing as the surviving corporation (the "Merger") and a wholly owned subsidiary of Parent, and each outstanding restricted stock unit held by the Reporting Person was converted into the right to receive $87.00 in cash (the "Merger Consideration"), subject to any continued vesting conditions in accordance with the terms of the Merger Agreement.
F2	Pursuant to the Merger Agreement, each outstanding share of common stock held by the Reporting Person was cancelled and converted into the right to receive the Merger Consideration.

Content

On November 8, 2023, pursuant to the Agreement and Plan of Merger, dated as of July 30, 2023, (the "Merger Agreement"), by and among Crewline Buyer, Inc., a Delaware corporation ("Parent"), Crewline Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), and New Relic, Inc. ("Issuer"), Merger Sub merged with and into Issuer and the separate corporate existence of Merger Sub ceased, with Issuer continuing as the surviving corporation (the "Merger") and a wholly owned subsidiary of Parent, and each outstanding restricted stock unit held by the Reporting Person was converted into the right to receive $87.00 in cash (the "Merger Consideration"), subject to any continued vesting conditions in accordance with the terms of the Merger Agreement.

Pursuant to the Merger Agreement, each outstanding share of common stock held by the Reporting Person was cancelled and converted into the right to receive the Merger Consideration.