| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TNET | Common Stock | Options Exercise | $68.6K | +6.25K | +3.34% | $10.98 | 194K | Apr 28, 2023 | Direct | F1 |
| transaction | TNET | Common Stock | Sale | -$153K | -1.71K | -0.89% | $89.34 | 192K | Apr 28, 2023 | Direct | F2, F3 |
| transaction | TNET | Common Stock | Sale | -$371K | -4.1K | -2.14% | $90.38 | 188K | Apr 28, 2023 | Direct | F2, F4 |
| transaction | TNET | Common Stock | Sale | -$39.7K | -436 | -0.23% | $91.02 | 187K | Apr 28, 2023 | Direct | F2, F5 |
| holding | TNET | Common Stock | 405K | Apr 28, 2023 | By Trust | F6 |
| 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 | -17.97% | $0.00 | 28.5K | Apr 28, 2023 | Common Stock | 6.25K | $10.98 | Direct | F1, F7 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The exercise reported on this Form 4 was effected pursuant to a 10b5-1 trading plan established by the Reporting Person on October 28, 2021 prior to the adoption of final amendments to Rule 10b5-1 on December 14, 2022. |
| F2 | The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan established by the Reporting Person on October 28, 2021 prior to the adoption of final amendments to Rule 10b5-1 on December 14, 2022. |
| F3 | The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.68 to $89.66, 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 $89.71 to $90.68, 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 $90.91 to $91.12, 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 | 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. |
| F7 | 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. |