Eastern Capital Group LLC - Nov 5, 2020 Form 4 Insider Report for Switch, Inc. (SWCH)

Role
10%+ Owner
Signature
/s/ Roger Lautzenhiser POA Eastern Capital Group LLC
Stock symbol
SWCH
Transactions as of
Nov 5, 2020
Transactions value $
-$3,621,853
Form type
4
Date filed
5/17/2021, 03:35 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWCH Class B Common Stock Disposed to Issuer -201K -100% 0 Nov 5, 2020 Direct F1
transaction SWCH Class A Common Stock Options Exercise +201K 201K Nov 5, 2020 Direct F2
transaction SWCH Class A Common Stock Sale -$3.62M -201K -100% $18.00 0 May 13, 2021 Direct F3

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 SWCH Common Units Options Exercise $0 -201K -100% $0.00* 0 Nov 5, 2020 Class A Common Stock 201K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class B Common Stock of the Issuer owned by the Reporting Person that were forfeited and cancelled for no consideration upon redemption and conversion of an equal number of common membership units (the "Common Units") of Switch, Ltd. (the "LLC").
F2 The Reporting Person surrendered for redemption and conversion Common Units of the LLC into an equal number of number of shares of the Issuer's Class A Common Stock. The Common Units have no expiration date.
F3 The price reported in column 4 is a weighted average price. These shares of Class A Common Stock were sold in multiple transactions pursuant to a pooled sales transaction at prices ranging from $18.00 to $18.42, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock sold at each separate price within the range set forth in this footnote (3) to this Form 4.

Remarks:

Exhibit 24 - Power of Attorney