Michael Szabados - Aug 1, 2023 Form 4 Insider Report for NETSCOUT SYSTEMS INC (NTCT)

Role
Chief Operating Officer, Director
Signature
/s/ Greg Sloan, by Power of Attorney
Stock symbol
NTCT
Transactions as of
Aug 1, 2023
Transactions value $
-$242,642
Form type
4
Date filed
8/3/2023, 07:40 PM
Previous filing
Jun 20, 2023
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTCT Common Stock Options Exercise +8.75K +24.28% 44.8K Aug 1, 2023 Direct F1, F2
transaction NTCT Common Stock Tax liability -$104K -3.71K -8.28% $27.95 41.1K Aug 1, 2023 Direct F3, F4
transaction NTCT Common Stock Sale -$139K -5K -12.17% $27.80 36.1K Aug 1, 2023 Direct F5, F6

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 NTCT Restricted Stock Unit Options Exercise -8.75K -9.73% 81.2K Aug 1, 2023 Common Stock 8.75K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were acquired upon the vesting of certain restricted stock units previously granted to the reporting person.
F2 The price is N/A.
F3 The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
F4 Represents the closing price of the Company's Common Stock on July 31, 2023.
F5 The shares of Common Stock were sold pursuant to a 10b5-1 plan adopted by the Reporting Person prior to February 27, 2023.
F6 The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share; the actual sales price per share ranged from $27.58 to $28.05. The reporting person undertakes to provide to NetScout Systems, Inc., any security holder of NetScout Systems, 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 range set forth in this footnote (6) to this Form 4.
F7 Date is N/A.