Burton M. Goldfield - Feb 15, 2022 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Signature
/s/ Sheryl Southwick, Attorney-in-fact
Stock symbol
TNET
Transactions as of
Feb 15, 2022
Transactions value $
-$827,897
Form type
4
Date filed
2/17/2022, 07:53 PM
Previous filing
Jan 26, 2022
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Tax liability -$76.7K -909 -0.68% $84.41 133K Feb 15, 2022 Direct F1
transaction TNET Common Stock Tax liability -$59.2K -701 -0.53% $84.41 133K Feb 15, 2022 Direct F2
transaction TNET Common Stock Tax liability -$112K -1.33K -1% $84.41 131K Feb 15, 2022 Direct F3
transaction TNET Common Stock Tax liability -$73.1K -866 -0.66% $84.41 130K Feb 15, 2022 Direct F4
transaction TNET Common Stock Sale -$190K -2.3K -0.54% $82.51 426K Feb 16, 2022 By Trust F5, F6, F7
transaction TNET Common Stock Sale -$55.7K -666 -0.16% $83.61 426K Feb 16, 2022 By Trust F5, F7, F8
transaction TNET Common Stock Sale -$84.8K -1.01K -0.24% $84.17 425K Feb 16, 2022 By Trust F5, F7, F9
transaction TNET Common Stock Sale -$16.2K -190 -0.04% $85.24 425K Feb 16, 2022 By Trust F5, F7, F10
transaction TNET Common Stock Options Exercise $22K +2K +1.53% $10.98 132K Feb 17, 2022 Direct F11
transaction TNET Common Stock Sale -$182K -2K -1.51% $90.97 130K Feb 17, 2022 Direct F5, F12

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 -1.94% $0.00 101K Feb 17, 2022 Common Stock 2K $10.98 Direct F11, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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 unit award granted on March 18, 2019.
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 February 28, 2020.
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 March 15, 2021.
F5 The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.05 to $83.04, 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 $83.07 to $84.01, 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 $84.07 to $85.06, 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 $85.19 to $85.3950, 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 The exercise reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F12 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.56 to $91.07, 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.
F13 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.