Burton M. Goldfield - Feb 24, 2023 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
Feb 24, 2023
Transactions value $
-$459,725
Form type
4
Date filed
2/28/2023, 05:32 PM
Previous filing
Feb 22, 2023
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Options Exercise $68.6K +6.25K +6.04% $10.98 110K Feb 24, 2023 Direct F1
transaction TNET Common Stock Sale -$514K -6.08K -5.53% $84.52 104K Feb 24, 2023 Direct F2, F3
transaction TNET Common Stock Sale -$14.8K -174 -0.17% $84.93 104K Feb 24, 2023 Direct F2, F4
holding TNET Common Stock 398K Feb 24, 2023 By Trust F5

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 -13.22% $0.00 41K Feb 24, 2023 Common Stock 6.25K $10.98 Direct F1, F6
* 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 $83.90 to $84.88, 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 $84.91 to $84.95, 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 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.
F6 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.