Thomas A. Thomas - May 2, 2022 Form 4 Insider Report for Switch, Inc. (SWCH)

Role
Director
Signature
/s/ Gabriel Nacht, as Attorney-in-Fact for Thomas A. Thomas
Stock symbol
SWCH
Transactions as of
May 2, 2022
Transactions value $
$0
Form type
4
Date filed
5/4/2022, 04:47 PM
Previous filing
Apr 20, 2022
Next filing
May 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWCH Class B Common Stock Disposed to Issuer -500K -8.54% 5.36M May 2, 2022 Direct F1
transaction SWCH Class A Common Stock Options Exercise +500K +18.81% 3.16M May 2, 2022 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 SWCH Common Units Options Exercise $0 -500K -8.54% $0.00 5.36M May 2, 2022 Class A Common Stock 500K 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, pursuant to the Amended and Restated Articles of Incorporation (the "Articles") of the Issuer, 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"). The Class B Common Stock only confers voting rights (one vote per share) and does not confer economic rights.
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 pursuant to the Articles of the Issuer and the Fifth Amended and Restated Operating Agreement of the LLC. The Common Units have no expiration date.