Andrew MacMillan - Dec 27, 2021 Form 4 Insider Report for UserTesting, Inc. (USER)

Role: Chief Executive Officer, Director
Signature: /s/ Ambyr O'Donnell as attorney-in-fact for Andrew MacMillan
Stock symbol: USER
Transactions as of: Dec 27, 2021
Transactions value $: $10,547
Form type: 4
Date filed: 1/13/2022, 04:24 PM
Previous filing: Nov 16, 2021
Next filing: Nov 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USER	Common Stock	Options Exercise	$10.5K	+11.9K		$0.89^*	11.9K	Dec 27, 2021	Direct

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	USER	Employee Stock Option (Right to Buy)	Options Exercise	$0	-11.9K	-0.23%	$0.00	5.09M	Dec 27, 2021	Common Stock	11.9K	$0.89	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option vests as to 1/4th of the total shares on May 9, 2019, and then 1/48th of the total shares vest monthly thereafter, subject to the Reporting Holder's continued service to the Issuer on each vesting date.