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

Role: Chief Executive Officer, Director
Signature: /s/ Ambyr O'Donnell as attorney-in-fact for Andrew MacMillan
Issuer symbol: N/A
Transactions as of: 27 Dec 2021
Net transactions value: +$10,546
Form type: 4
Filing time: 13 Jan 2022, 16:24:34 UTC
Previous filing: 16 Nov 2021
Next filing: 17 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USER	Common Stock	Options Exercise	$10,546	+11,850		$0.8900^*	11,850	27 Dec 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	-11,850	-0.23%	$0.000000	5,087,673	27 Dec 2021	Common Stock	11,850	$0.8900	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.