Brent Frei - Jun 17, 2021 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role: Director
Signature: /s/ Paul Porrini as attorney-in-fact for Brent Frei
Stock symbol: SMAR
Transactions as of: Jun 17, 2021
Transactions value $: -$3,506,195
Form type: 4
Date filed: 6/21/2021, 07:08 PM
Previous filing: Jun 15, 2021
Next filing: Jul 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMAR	Class A Common Stock	Options Exercise		+3.03K	+0.12%		2.52M	Jun 17, 2021	Direct	F1
transaction	SMAR	Class A Common Stock	Sale	-$3.51M	-50K	-1.99%	$70.12	2.47M	Jun 18, 2021	Direct	F2, F3
holding	SMAR	Class A Common Stock						25K	Jun 17, 2021	By Samantha Frei Irrevocable Trust dated January 7, 2018	F4
holding	SMAR	Class A Common Stock						25K	Jun 17, 2021	By Sofia Frei Irrevocable Trust dated January 7, 2018	F4
holding	SMAR	Class A Common Stock						25K	Jun 17, 2021	By Tessa Frei Irrevocable Trust dated January 7, 2018	F4
holding	SMAR	Class A Common Stock						25K	Jun 17, 2021	By Thomas Frei Irrevocable Trust dated January 7, 2018	F4
holding	SMAR	Class A Common Stock						25K	Jun 17, 2021	By Tucker Frei Irrevocable Trust dated January 7, 2018	F4

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	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-3.03K	-100%	$0.00^*	0	Jun 17, 2021	Class A Common Stock	3.03K		Direct	F1, F5
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Award	$0	+2.95K		$0.00	2.95K	Jun 17, 2021	Class A Common Stock	2.95K		Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F2	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the holder.
F3	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.64 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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
F4	These securities are held of record by Mark A. Frei, Trustee of each of the Samantha Frei Irrevocable Trust dated January 7, 2018, Sofia Frei Irrevocable Trust dated January 7, 2018, Tessa Frei Irrevocable Trust dated January 7, 2018, Thomas Frei Irrevocable Trust dated January 7, 2018, and Tucker Frei Irrevocable Trust dated January 7, 2018, trusts for the benefit of the reporting person's minor children. The reporting person disclaims beneficial ownership over such securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5	The RSUs fully vested on June 17, 2021.
F6	The RSUs shall fully vest on the earlier of (a) the date of the 2022 annual meeting of the issuer's shareholders and (b) June 17, 2022, subject to continued service through the vesting date.