Matt Zelen - Dec 22, 2022 Form 4 Insider Report for UserTesting, Inc. (USER)

Signature
/s/ Mona Sabet as attorney-in-fact for Matt Zelen
Stock symbol
USER
Transactions as of
Dec 22, 2022
Transactions value $
-$128,283
Form type
4
Date filed
12/23/2022, 04:32 PM
Previous filing
Nov 17, 2022
Next filing
Jan 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USER Common Stock Options Exercise $14.6K +13.8K +52.52% $1.06* 39.9K Dec 22, 2022 Direct
transaction USER Common Stock Sale -$143K -19K -47.7% $7.50 20.9K Dec 22, 2022 Direct F1, 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 -13.8K -1.9% $0.00 709K Dec 22, 2022 Common Stock 13.8K $1.06 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.505 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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.