Matt Zelen - Oct 27, 2022 Form 4 Insider Report for UserTesting, Inc. (USER)

Role
Chief Operating Officer
Signature
/s/ Mona Sabet as attorney-in-fact for Matt Zelen
Stock symbol
USER
Transactions as of
Oct 27, 2022
Transactions value $
-$177,100
Form type
4
Date filed
10/31/2022, 06:51 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 $29.2K +27.5K +1100% $1.06* 30K Oct 27, 2022 Direct F1
transaction USER Common Stock Sale -$206K -27.5K -91.67% $7.50 2.5K Oct 27, 2022 Direct 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 USER Employee Stock Option (Right to Buy) Options Exercise $0 -27.5K -3.67% $0.00 723K Oct 27, 2022 Common Stock 27.5K $1.06 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,500 shares of Common Stock acquired under the issuer's employee stock purchase plan on May 17, 2022.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The option vested as to 1/4th of the total shares December 2, 2020 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.