Burton M. Goldfield - Dec 23, 2022 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Role
PRESIDENT, CEO and DIRECTOR, Director
Signature
/s/ Sheryl Southwick, Attorney-in-fact
Stock symbol
TNET
Transactions as of
Dec 23, 2022
Transactions value $
-$338,169
Form type
4
Date filed
12/28/2022, 04:30 PM
Previous filing
Nov 29, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Gift $0 -8.06K -2.18% $0.00 361K Dec 12, 2022 By Trust F1
transaction TNET Common Stock Options Exercise $68.6K +6.25K +3.05% $10.98 211K Dec 23, 2022 Direct F2
transaction TNET Common Stock Sale -$407K -6.25K -2.96% $65.09 205K Dec 23, 2022 Direct F3, F4

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 -6.25K -10.45% $0.00 53.5K Dec 23, 2022 Common Stock 6.25K $10.98 Direct F2, F5
* 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 The exercise reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F3 The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan previously established.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.74 to $65.39, 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 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.