President, EMEA Winther Karsten sold $3,593,664 worth of shares (44,924 units at $79.99) and exercised 30,204 shares at a strike of $12.05, decreasing direct ownership by 58% to 10,542 units (SEC Form 4)
$VRT
Industrial Machinery/Components
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Vertiv Holdings Co [ VRT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/03/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 09/03/2024 | M | 30,204 | A | $12.05 | 55,465.91(1) | D | |||
| Class A Common Stock | 09/03/2024 | S | 12,886(2) | D | $78.08(3) | 42,579.91(1) | D | |||
| Class A Common Stock | 09/03/2024 | S | 6,700(2) | D | $79.22(4) | 35,879.91(1) | D | |||
| Class A Common Stock | 09/03/2024 | S | 6,500(2) | D | $80.12(5) | 29,379.91(1) | D | |||
| Class A Common Stock | 09/03/2024 | S | 9,893(2) | D | $80.89(6) | 19,486.91(1) | D | |||
| Class A Common Stock | 09/03/2024 | S | 8,945(2) | D | $82.25(7) | 10,541.91(1) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Options | $12.05 | 09/03/2024 | M | 30,204 | (8) | 02/07/2030 | Class A Common Stock | 30,204 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. Includes shares, RSUs and DSUs. |
| 2. Sold pursuant to a previously executed Rule 10b5-1 plan entered on September 7, 2023. |
| 3. The trade was executed in a series of transactions with a price range of $77.565 to $78.56, inclusive, with a weighted average price of $78.08. The reporting person undertakes to provide to Vertiv Holdings Co, any security holder of Vertiv Holdings Co, 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 ranges set forth in this footnote and in footnotes 4 through 7, inclusive. |
| 4. The trade was executed in a series of transactions with a price range of $78.60 to $79.57, inclusive, with a weighted average price of $79.22. |
| 5. The trade was executed in a series of transactions with a price range of $79.60 to $80.58, inclusive, with a weighted average price of $80.12. |
| 6. The trade was executed in a series of transactions with a price range of $80.62 to $81.59, inclusive, with a weighted average price of $80.89. |
| 7. The trade was executed in a series of transactions with a price range of $81.71 to $82.66, inclusive, with a weighted average price of $82.25. |
| 8. The option award exercised in this transaction was fully vested and exercised on the transaction date. |
| Remarks: |
| /s/ Robert M. Wolfe, as attorney-in-fact | 09/04/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||