Bryan Reed Barney - Mar 31, 2024 Form 4 Insider Report for EVERBRIDGE, INC. (EVBG)

Signature
/s/ Noah F. Webster, Attorney-in-Fact
Stock symbol
EVBG
Transactions as of
Mar 31, 2024
Transactions value $
-$116,517
Form type
4
Date filed
4/2/2024, 04:30 PM
Previous filing
Mar 5, 2024
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVBG Common Stock Options Exercise +6.25K +49.26% 18.9K Mar 31, 2024 Direct F1
transaction EVBG Common Stock Sale -$66.7K -1.91K -10.11% $34.84 17K Apr 1, 2024 Direct F2
transaction EVBG Common Stock Sale -$49.8K -1.43K -8.4% $34.84 15.6K Apr 1, 2024 Direct 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 EVBG Restricted Stock Unit Options Exercise $0 -6.25K -8.33% $0.00 68.8K Mar 31, 2024 Common Stock 6.25K Direct F1, F4, F5
* 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 Each restricted stock unit represents the contingent right to receive one share of Everbridge common stock.
F2 Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.
F3 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2023.
F4 On December 30, 2022, the Reporting Person was granted RSUs. A portion of the RSUs vested on March 31, 2024.
F5 Not applicable.