Burton M. Goldfield - 25 Oct 2021 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Signature
/s/ Sheryl Southwick, Attorney-in-fact
Issuer symbol
TNET
Transactions as of
25 Oct 2021
Net transactions value
-$587,157
Form type
4
Filing time
27 Oct 2021, 18:51:39 UTC
Previous filing
27 Sep 2021
Next filing
17 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Options Exercise $21,960 +2,000 +0.93% $10.98 217,971 25 Oct 2021 Direct F1
transaction TNET Common Stock Sale $64,877 -680 -0.31% $95.41 217,291 25 Oct 2021 Direct F2, F3
transaction TNET Common Stock Sale $119,397 -1,236 -0.57% $96.60 216,055 25 Oct 2021 Direct F2, F4
transaction TNET Common Stock Sale $8,163 -84 -0.04% $97.18 215,971 25 Oct 2021 Direct F2, F5
transaction TNET Common Stock Sale $123,017 -1,247 -0.31% $98.65 405,691 26 Oct 2021 By Trust F2, F6, F7
transaction TNET Common Stock Sale $136,946 -1,370 -0.34% $99.96 404,321 26 Oct 2021 By Trust F2, F7, F8
transaction TNET Common Stock Sale $110,990 -1,100 -0.27% $100.90 403,221 26 Oct 2021 By Trust F2, F7, F9
transaction TNET Common Stock Sale $45,728 -450 -0.11% $101.62 402,771 26 Oct 2021 By Trust F2, F7, F10

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 -2,000 -1.8% $0.000000 109,285 25 Oct 2021 Common Stock 2,000 $10.98 Direct F1, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F2 The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.99 to $95.92, 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.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.02 to $96.99, 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.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.09 to $97.27, 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.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.12 to $99.00, 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.
F7 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.
F8 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.33 to $100.305, 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.
F9 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.36 to $101.31, 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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.39 to $102.16, 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.
F11 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.