Item 8.01 Other Events.
On August 12, 2021, Qualtrics International Inc. (the "Company") commenced a
tender offer to certain eligible employees of QAL Technologies Pty Ltd, a
proprietary limited company organized in Australia and a subsidiary of the
Company, to exchange all of their outstanding eligible cash-settled fixed value
rights ("Fixed Value Rights") and all of their outstanding eligible cash-settled
rights that are linked to the value of SAP Ordinary Shares ("Existing RSUs") for
unvested rights ("Qualtrics RSUs") to receive shares of the Company's Class A
common stock pursuant to the Offer to Exchange Fixed Value Rights and/or
Existing RSUs for Qualtrics RSUs, dated August 12, 2021 (the "Exchange Offer").
The Exchange Offer expired at 11:59 p.m., Mountain Time, on September 10, 2021
(or 3:59 p.m., Australian Eastern Time, on September 11, 2021).
Pursuant to the Exchange Offer, a total of 60 eligible employees elected to
tender and did not withdraw their Fixed Value Rights and/or Existing RSUs, and
the Company accepted for exchange Fixed Value Rights and Existing RSUs
representing approximately 78.30% of the value of all eligible Fixed Value
Rights and Existing RSUs. On September 15, 2021, promptly following the
expiration of the Exchange Offer, all properly tendered Fixed Value Rights and
Existing RSUs were cancelled and, pursuant to the terms of the Exchange Offer
and the 2021 Qualtrics International Inc. Employee Omnibus Equity Plan,
the Company granted 30,539 Qualtrics RSUs in exchange for the tendered Fixed
Value Rights and Existing RSUs. The vesting terms of the Qualtrics RSUs are
described in detail in the Exchange Offer.
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