Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading
Symbol(s)
Name of each exchange on which
registered
Common Stock, $0.001 par valuePINGThe New York Stock Exchange

2.02. Results of Operations and Financial Condition.

On November 3, 2021, Ping Identity Holding Corp. filed a Current Report on Form 8-K furnishing and incorporating by reference its press release announcing its financial results for the quarter ended September 30, 2021. The press release contained a reconciliation of Unlevered Free Cash Flow Guidance for the Three Months and Year Ended December 31, 2021 that inadvertently understated amounts for Net cash provided by (used in) operating activities and Purchases of property and equipment for the Year Ended December 31, 2021 by $1.325 million. All other line items included in the original reconciliation were correct for all periods presented, including guidance for Unlevered Free Cash Flow.

The corrected reconciliation table is as follows:

Three Months Ended December 31, 2021

Year Ended

December 31, 2021

Low High Low High
Net cash provided by (used in) operating activities $ (6,900 ) $ (4,900 ) $ 31,280 $ 33,280
Less:
Purchases of property and equipment (2,000 ) (2,000 ) (4,060 ) (4,060 )
Capitalized software development costs (5,150 ) (5,150 ) (18,880 ) (18,880 )
Free Cash Flow (14,050 ) (12,050 ) 8,340 10,340
Add:
Cash paid for interest 650 650 1,660 1,660
Unlevered Free Cash Flow $ (13,400 ) $ (11,400 ) $ 10,000 $ 12,000

This information is intended to be furnished under Item 2.02 of Form 8-K, "Results of Operations and Financial Condition" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

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Ping Identity Holding Corp. published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 13:07:10 UTC.