Jonathan Cole Seltzer - 01 Oct 2023 Form 4 Insider Report for EngageSmart, Inc.

Role
President, SMB Solutions
Signature
/s/ Scott Semel, Attorney-in-Fact for Jonathan C. Seltzer
Issuer symbol
N/A
Transactions as of
01 Oct 2023
Net transactions value
-$83,844
Form type
4
Filing time
03 Oct 2023, 16:38:12 UTC
Previous filing
06 Sep 2023
Next filing
03 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESMT Common Stock Options Exercise $0 +1,202 $0.000000 1,202 01 Oct 2023 Direct
transaction ESMT Common Stock Tax liability $10,722 -596 -50% $17.99 606 01 Oct 2023 Direct F1
transaction ESMT Common Stock Options Exercise $0 +2,114 +349% $0.000000 2,720 01 Oct 2023 Direct
transaction ESMT Common Stock Tax liability $18,872 -1,049 -39% $17.99 1,671 01 Oct 2023 Direct F1
transaction ESMT Common Stock Options Exercise $10,570 +3,500 +209% $3.02* 5,171 02 Oct 2023 Direct
transaction ESMT Common Stock Sale $64,820 -3,500 -68% $18.52 1,671 02 Oct 2023 Direct F2, F3

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 ESMT Restricted Stock Units Options Exercise $0 -1,202 -11% $0.000000 9,615 01 Oct 2023 Common Stock 1,202 Direct F4, F5
transaction ESMT Restricted Stock Units Options Exercise $0 -2,114 -7.1% $0.000000 27,480 01 Oct 2023 Common Stock 2,114 Direct F4, F6
transaction ESMT Stock Option Options Exercise $0 -3,500 -1.6% $0.000000 213,308 02 Oct 2023 Common Stock 3,500 $3.02 Direct F7
* 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 Represents the number of shares of common stock withheld to satisfy the tax withholding obligation in connection with the vesting of certain previously reported restricted stock units ("RSUs").
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan dated March 15, 2023.
F3 The price reported is a weighted average price. The securities were sold in multiple transactions at per share prices ranging from $18.23 to $18.68. The Reporting Person undertakes to provide upon request from the SEC staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F4 Each RSU represents a contingent right to receive one share of common stock.
F5 The RSUs vest in 16 equal quarterly installments commencing on January 1, 2022 and have no expiration date.
F6 The RSUs vest in 16 equal quarterly installments commencing on April 1, 2023 and have no expiration date.
F7 The stock option vested and became exercisable with respect to 25% of the shares on November 1, 2020 and vests with respect to the remaining shares in twelve equal quarterly installments beginning on January 1, 2021.