Jack A. Pacheco - Jun 20, 2023 Form 4 Insider Report for SMART Global Holdings, Inc. (SGH)

Role
EVP, COO, Pres, Mem Solutions
Signature
/s/ Anne Kuykendall as attorney-in-fact for Jack A. Pacheco
Stock symbol
SGH
Transactions as of
Jun 20, 2023
Transactions value $
-$125,619
Form type
4
Date filed
6/22/2023, 06:41 PM
Previous filing
Jun 15, 2023
Next filing
Jul 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGH Ordinary Shares Options Exercise $23K +2.5K +1.22% $9.20 208K Jun 20, 2023 Direct
transaction SGH Ordinary Shares Options Exercise $53.9K +5K +2.4% $10.78 213K Jun 20, 2023 Direct
transaction SGH Ordinary Shares Sale -$203K -7.5K -3.52% $27.00 206K Jun 20, 2023 Direct F1, F2

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 SGH Employee Stock Option (right to buy) Options Exercise $0 -2.5K -2.44% $0.00 100K Jun 20, 2023 Ordinary Shares 2.5K $9.20 Direct F3
transaction SGH Employee Stock Option (right to buy) Options Exercise $0 -5K -6.67% $0.00 70K Jun 20, 2023 Ordinary Shares 5K $10.78 Direct 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 transactions reported herein were effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on January 13, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $26.83 to $27.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F3 The option vested and became exercisable as to 25% on March 12, 2021, and the remaining shares vest monthly and become exercisable over three years beginning March 12, 2021.
F4 The option vested and became exercisable as to 25% on January 1, 2020, and the remaining shares vested and became exercisable over three years beginning January 1, 2020.