Burton M. Goldfield - Aug 15, 2021 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Signature
/s/ Sheryl Southwick, Attorney-in-fact
Stock symbol
TNET
Transactions as of
Aug 15, 2021
Transactions value $
-$1,015,310
Form type
4
Date filed
8/17/2021, 07:01 PM
Previous filing
Jul 23, 2021
Next filing
Sep 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Gift $0 -12.5K -2.92% $0.00 415K Jul 29, 2021 By Trust F1
transaction TNET Common Stock Tax liability -$118K -1.3K -0.59% $90.64 220K Aug 15, 2021 Direct F2
transaction TNET Common Stock Tax liability -$91K -1K -0.46% $90.64 219K Aug 15, 2021 Direct F3
transaction TNET Common Stock Tax liability -$173K -1.91K -0.87% $90.64 217K Aug 15, 2021 Direct F4
transaction TNET Common Stock Tax liability -$101K -1.11K -0.51% $90.64 216K Aug 15, 2021 Direct F5
transaction TNET Common Stock Sale -$375K -4.17K -1% $89.96 411K Aug 17, 2021 By Trust F1, F6, F7
transaction TNET Common Stock Options Exercise $22K +2K +0.93% $10.98 218K Aug 17, 2021 Direct F8
transaction TNET Common Stock Sale -$180K -2K -0.92% $89.96 216K Aug 17, 2021 Direct F6, F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TNET Employee Stock Option (right to buy) Options Exercise $0 -2K -1.73% $0.00 113K Aug 17, 2021 Common Stock 2K $10.98 Direct F8, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held directly by the Burton M. Goldfield and Maud Carol Goldfield Trust, u/a/d 12/6/00 (the "Trust"). The Reporting Person and his spouse serve as trustees and beneficiaries of the Trust.
F2 Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock award granted on March 8, 2018.
F3 Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on March 18, 2019.
F4 Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on February 28, 2020.
F5 Represents the shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of a portion of the restricted stock unit award granted on March 15, 2021.
F6 The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F7 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.50 to $90.48, inclusive. The Reporting Person undertakes to provide to TriNet Group, Inc., any security holder of TriNet Group, Inc., 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 herein.
F8 The exercise reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F9 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.50 to $90.42, inclusive. The Reporting Person undertakes to provide to TriNet Group, Inc., any security holder of TriNet Group, Inc., 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 herein.
F10 Option is subject to a 4-year vesting schedule, with 25% vesting upon the 12-month anniversary of February 1, 2014, and 1/48th of the total number of shares vesting each month thereafter. The Option is also subject to accelerated vesting upon certain events.