David Sides - Sep 22, 2022 Form 4 Insider Report for NEXTGEN HEALTHCARE, INC. (NXGN)

Role
President and CEO, Director
Signature
/s/ Jeffrey D. Linton, Attorney-in-Fact for David Sides
Stock symbol
NXGN
Transactions as of
Sep 22, 2022
Transactions value $
-$1,427,689
Form type
4
Date filed
9/26/2022, 05:40 PM
Previous filing
Nov 30, 2021
Next filing
Nov 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXGN Common Stock Options Exercise +24.3K +3.75% 674K Sep 22, 2022 Direct F1
transaction NXGN Common Stock Tax liability -$192K -11.3K -1.67% $17.02 662K Sep 22, 2022 Direct F2
transaction NXGN Common Stock Tax liability -$1.24M -72.6K -10.96% $17.02 590K Sep 22, 2022 Direct F3

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 NXGN Performance Stock Units Options Exercise $0 -24.3K -5.41% $0.00 426K Sep 22, 2022 Common Stock 24.3K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units convert to shares of NXGN common stock on a one-for-one basis once fully vested.
F2 Represents shares withheld to satisfy tax withholding obligations on the vesting of performance stock units.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock.
F4 The reporting person was granted performance stock units that vest upon both the attainment of four separate pre-determined stock price milestones and continued service over a period of three years commencing September 22, 2021. 73,000 of these performance stock units were tied to a stock price milestone of $19.38, which was met in April 2022. As of September 22, 2022, 1/3 of the performance stock units tied to the $19.38 stock price milestone are fully vested. The remaining 48,666 performance stock units tied to the $19.38 stock price milestone will vest in equal installments on September 22, 2023 and September 22, 2024.