Filing Details
- Accession Number:
- 0001764925-21-000012
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-01-06 17:01:23
- Reporting Period:
- 2021-01-04
- Accepted Time:
- 2021-01-06 17:01:23
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1764925 | Slack Technologies Inc. | WORK | Services-Prepackaged Software (7372) | 264400325 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1775610 | Stewart Butterfield | C/O Slack Technologies, Inc. 500 Howard Street San Francisco, CA 94105 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Class A Common Stock | Acquisiton | 2021-01-04 | 228,801 | $0.00 | 1,211,424 | No | 4 | C | Direct | |
Class A Common Stock | Disposition | 2021-01-05 | 87,879 | $42.08 | 1,123,545 | No | 4 | S | Direct | |
Class A Common Stock | Disposition | 2021-01-05 | 26,528 | $42.09 | 1,097,017 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | C | Direct | |
No | 4 | S | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Class B Common Stock | Restricted Stock Units | Disposition | 2021-01-04 | 228,801 | $0.00 | 228,801 | $0.00 |
Class A Common Stock | Class B Common Stock | Acquisiton | 2021-01-04 | 228,801 | $0.00 | 228,801 | $0.00 |
Class A Common Stock | Class B Common Stock | Disposition | 2021-01-04 | 228,801 | $0.00 | 228,801 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
533,869 | 2023-06-08 | No | 4 | M | Direct | |
38,584,666 | No | 4 | M | Direct | ||
38,355,865 | No | 4 | C | Direct |
Footnotes
- Each share of Class B Common Stock is convertible without payment or consideration into one share of Class A Common Stock at the option of the holder and has no expiration date.
- Shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs).
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.94 to $42.19. The Reporting Person undertakes to provide to 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 sold at each separate price within the range set forth in this footnote.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.05 to $42.14. The Reporting Person undertakes to provide to 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 sold at each separate price within the range set forth in this footnote.
- Each RSU represents the right to receive one share of Class B Common Stock.
- The RSUs are subject to time-based and performance-based vesting criteria. The time-based vesting occurred with respect to 130,743 of the units on October 1, 2017; and the remaining units vested at a rate of 4.286% of the total RSU grant per quarter thereafter until June 20, 2019, at which point the remaining unvested units began vesting at a rate of 7.5% of the total RSU grant per quarter, subject, in each case, to the Reporting Persons's continued service with the Issuer on each such date. The performance-based criteria was satisfied upon the Issuer's listing and public trading of its Class A Common Stock on June 20, 2019.