Ramin Sayar - Dec 15, 2022 Form 4 Insider Report for Sumo Logic, Inc. (SUMO)

Role
President and CEO, Director
Signature
/s/ Katherine Haar, Attorney-in-fact
Stock symbol
SUMO
Transactions as of
Dec 15, 2022
Transactions value $
-$271,699
Form type
4
Date filed
12/19/2022, 03:37 PM
Previous filing
Sep 19, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUMO Common Stock Sale -$272K -32.7K -4.14% $8.30 757K Dec 15, 2022 Direct F1, F2, F3, F4
holding SUMO Common Stock 2.66K Dec 15, 2022 See footnote F5
holding SUMO Common Stock 7.43K Dec 15, 2022 See footnote F6
holding SUMO Common Stock 7.43K Dec 15, 2022 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold to cover tax obligations in connection with the vesting of Restricted Stock Units ("RSUs").
F2 This sale price represents the weighted average sale price of the shares sold ranging from $8.03 to $8.65 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F3 Certain of these shares are represented by previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person continuing to be a Service Provider through each such date.
F4 Includes 1 share acquired under the Issuer's Employee Stock Purchase Plan on December 15, 2022.
F5 These shares are held of record by The Sayar Family Trust, for which the Reporting Person serves as co-trustee.
F6 Shares are held in trusts for the benefit of each of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.