Jeffrey W. Sherman - 04 Jan 2023 Form 4 Insider Report for Horizon Therapeutics Public Ltd Co

Role: EVP and Chief Medical Officer
Signature: /s/ Adriana Hernandez-Capone, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 04 Jan 2023
Net transactions value: -$3,153,087
Form type: 4
Filing time: 06 Jan 2023, 16:54:54 UTC
Previous filing: 04 Jan 2023
Next filing: 12 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HZNP	Ordinary Shares	Options Exercise		+51,132	+354%		65,562	05 Jan 2023	Direct	F1
transaction	HZNP	Ordinary Shares	Tax liability	$2,565,452	-22,655	-35%	$113.24	42,907	05 Jan 2023	Direct
transaction	HZNP	Ordinary Shares	Sale	$587,635	-5,187	-9.5%	$113.29	49,314	06 Jan 2023	See Footnote	F2, F3
holding	HZNP	Ordinary Shares						84,430	04 Jan 2023	See Footnote	F4
holding	HZNP	Ordinary Shares						66,730	04 Jan 2023	by Spouse

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	HZNP	Restricted Stock Units (RSUs)	Award	$0	+18,397		$0.000000	18,397	04 Jan 2023	Ordinary Shares	18,397		Direct	F1, F5
transaction	HZNP	Restricted Stock Units (RSUs)	Options Exercise	$0	-12,095	-100%	$0.000000^*	0	05 Jan 2023	Ordinary Shares	12,095		Direct	F1, F6
transaction	HZNP	Restricted Stock Units (RSUs)	Options Exercise	$0	-9,314	-50%	$0.000000	9,314	05 Jan 2023	Ordinary Shares	9,314		Direct	F1, F7
transaction	HZNP	Restricted Stock Units (RSUs)	Options Exercise	$0	-6,348	-33%	$0.000000	12,696	05 Jan 2023	Ordinary Shares	6,348		Direct	F1, F8
transaction	HZNP	Performance Restricted Stock Units (PSUs)	Options Exercise	$0	-7,257	-100%	$0.000000^*	0	05 Jan 2023	Ordinary Shares	7,257		Direct	F1, F9
transaction	HZNP	Performance Restricted Stock Units (PSUs)	Options Exercise	$0	-1,966	-100%	$0.000000^*	0	05 Jan 2023	Ordinary Shares	1,966		Direct	F1, F9
transaction	HZNP	Performance Restricted Stock Units (PSUs)	Options Exercise	$0	-4,834	-100%	$0.000000^*	0	05 Jan 2023	Ordinary Shares	4,834		Direct	F1, F9
transaction	HZNP	Performance Restricted Stock Units (PSUs)	Options Exercise	$0	-9,318	-67%	$0.000000	4,654	05 Jan 2023	Ordinary Shares	9,318		Direct	F1, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU/PSU represents a contingent right to receive one ordinary share of the Issuer.
F2	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2022.
F3	The shares are held in the Jeffrey W. Sherman Living Trust.
F4	The shares are held in the name of the Jeffrey W. Sherman 2020 Gift Trust, of which the reporting person's spouse is the Trustee.
F5	The RSUs vest 1/3rd annually on each anniversary of January 5, 2023.
F6	The final tranche of ordinary shares subject to the RSU vested on January 5, 2023.
F7	The remaining ordinary shares subject to the RSU vest on January 5, 2024.
F8	The remaining ordinary shares subject to the RSU vest ratably on January 5, 2024 and January 5, 2025.
F9	The ordinary shares subject to the PSUs vested on January 5, 2023.
F10	The remaining ordinary shares subject to the PSU vest on January 5, 2024.