Ping Identity Holding (PING) director Arora returned to the company 6,626 shares at $28.50

Insider transactions reported

Anil Arora (director at Ping Identity Holding Corp., PING) reported that they returned to the company 6,626 shares at $28.50 on Oct 18, 2022. After these transactions the filing shows 0 shares held directly.

Reporting person

Arora Anil

Holdings before and after

• Company Common Stock, $0.001 par value: 6,626 to 0 direct

Footnotes from the filing

1. 1. Pursuant to the Agreement and Plan of Merger, dated August 2, 2022 (the Merger Agreement ), by and among Project Polaris Holdings, LP ( Parent ), Project Polaris Merger Sub, Inc. ( Merger Sub ) and the Issuer, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the Merger ). At the effective time of the Merger (the Effective Time ), each share of the Issuer's common stock ( Company Common Stock ) issued and outstanding immediately prior to the Merger was automatically cancelled, extinguished and converted into the right to receive $28.50 per share in cash, without interest thereon (the Per Share Price ).
2. 2. The reported securities include vested restricted stock units ( Company RSUs ) of the Issuer which pursuant to the Merger Agreement, were, at the Effective Time, canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the Per Share Price and (ii) the total number of shares of Company Common Stock subject to such Company RSUs as of immediately prior to the Effective Time.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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