Peter A. Feld - May 14, 2024 Form 4 Insider Report for Gen Digital Inc. (GEN)

Role: Director
Signature: /s/ Peter A. Feld
Stock symbol: GEN
Transactions as of: May 14, 2024
Transactions value $: -$26,846,361
Form type: 4
Date filed: 5/16/2024, 09:45 PM
Previous filing: Sep 14, 2023
Next filing: Sep 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GEN	Common Stock, $0.01 Par Value	Sale	-$2.1M	-85.9K	-68.66%	$24.44	39.2K	May 14, 2024	By Starboard Leaders Tango LLC	F1, F6
transaction	GEN	Common Stock, $0.01 Par Value	Sale	-$16.2M	-664K	-68.66%	$24.44	303K	May 14, 2024	By Starboard Leaders Select VI LP	F1, F7
transaction	GEN	Common Stock, $0.01 Par Value	Sale	-$975K	-39.2K	-100%	$24.89	0	May 15, 2024	By Starboard Leaders Tango LLC	F1, F6
transaction	GEN	Common Stock, $0.01 Par Value	Sale	-$7.54M	-303K	-100%	$24.89	0	May 15, 2024	By Starboard Leaders Select VI LP	F1, F7
holding	GEN	Common Stock, $0.01 Par Value						9.64M	May 14, 2024	By Starboard Value and Opportunity Master Fund Ltd	F2
holding	GEN	Common Stock, $0.01 Par Value						2.02M	May 14, 2024	By Starboard X Master Fund Ltd	F3
holding	GEN	Common Stock, $0.01 Par Value						1.44M	May 14, 2024	By Starboard Value and Opportunity S LLC	F4
holding	GEN	Common Stock, $0.01 Par Value						828K	May 14, 2024	By Starboard Value and Opportunity C LP	F5
holding	GEN	Common Stock, $0.01 Par Value						798K	May 14, 2024	By Starboard Value and Opportunity Master Fund L LP	F8
holding	GEN	Common Stock, $0.01 Par Value						2.78M	May 14, 2024	By Managed Account of Starboard Value LP	F9
holding	GEN	Common Stock, $0.01 Par Value						88.4K	May 14, 2024	Direct

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

Explanation of Responses:

Id	Content
F1	Sales for co-investment accounts only following the expiration of their respective investment periods with respect to Gen Digital Inc.
F2	Securities owned directly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of the investment manager of Starboard V&O Fund, and as a member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard V&O Fund for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3	Securities beneficially owned by Starboard X Master Fund Ltd ("Starboard X Master"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard X Master, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard X Master for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F4	Securities owned directly by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F5	Securities owned directly by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard C LP, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F6	Securities owned directly by Starboard Leaders Tango LLC ("Starboard Tango LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard Tango LLC, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard Tango LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. Notwithstanding the foregoing, Starboard Tango LLC ceased to own any securities of the Issuer as of May 15, 2024, as disclosed herein.
F7	Securities owned directly by Starboard Leaders Select VI LP ("Starboard Select VI LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard Select VI LP, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard Select VI LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. Notwithstanding the foregoing, Starboard Select VI LP ceased to own any securities of the Issuer as of May 15, 2024, as disclosed herein.
F8	Securities owned directly by Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard L Master, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard L Master for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F9	Securities held in a certain managed account by Starboard Value LP (the "Starboard Value LP Account"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of Starboard Value LP, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities held in the Starboard Value LP Account for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.