Jon Pexton - 13 May 2022 Form 4 Insider Report for UserTesting, Inc. (USER)

Role: Chief Financial Officer
Signature: /s/ Ambyr O'Donnell as attorney-in-fact for Jon Pexton
Issuer symbol: USER
Transactions as of: 13 May 2022
Net transactions value: +$403,000
Form type: 4
Filing time: 16 May 2022, 18:21:24 UTC
Previous filing: 09 May 2022
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	$403,000	+100,000	+403%	$4.03	124,813	13 May 2022	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	Stock Option (Right to Buy)	Options Exercise	$0	-100,000	-6.3%	$0.000000	1,490,769	13 May 2022	Common Stock	100,000	$4.03	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 March 29, 2022, 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.