Alexander G. Warren - Nov 17, 2023 Form 4 Insider Report for TRINET GROUP, INC. (TNET)

Role
SVP, CHIEF REVENUE OFFICER
Signature
/s/ Sheryl Southwick, Attorney-in-fact
Stock symbol
TNET
Transactions as of
Nov 17, 2023
Transactions value $
-$211,889
Form type
4
Date filed
11/21/2023, 07:02 PM
Previous filing
Nov 17, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNET Common Stock Sale -$158K -1.43K -4.21% $110.34 32.6K Nov 17, 2023 Direct F1, F2, F3
transaction TNET Common Stock Sale -$54.2K -488 -1.5% $111.08 32.1K Nov 17, 2023 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan established by the Reporting Person on August 3, 2023.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.96 to $110.92, 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.
F3 The total securities beneficially owned includes shares of unvested restricted stock units. It excludes unvested performance-based restricted stock units which will be reported when earned upon achievement of certain performance criteria.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.00 to $111.28, 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.