Form 4: SolarWinds Director Catherine Kinney Disposes of Shares in Merger

Catherine Kinney, a director of SolarWinds Corp, disposed of 103,571 shares of common stock at $18.50 per share due to the merger with Starlight Parent, LLC.

Summary

• Catherine Kinney, a director at SolarWinds Corp, filed a Form 4 indicating a change in beneficial ownership.
• On April 16, 2025, Kinney disposed of 103,571 shares of SolarWinds common stock.
• The disposal was a result of the merger between Starlight Merger Sub, Inc. and SolarWinds, where SolarWinds became a wholly-owned subsidiary of Starlight Parent, LLC.
• Each share of SolarWinds common stock was converted into the right to receive $18.50 in cash.
• The merger agreement was dated February 7, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports a transaction related to a merger.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects a common scenario where a company is acquired, leading to changes in the ownership structure and the disposition of shares by insiders.

Stakeholder Impact

• Shareholders received $18.50 per share as a result of the merger.

Key Dates

Keywords

Form 4, SolarWinds, Merger, Catherine Kinney, Beneficial Ownership, Starlight Parent, Shares, SWI