James R. Arnold Jr. - Sep 22, 2023 Form 4 Insider Report for NEXTGEN HEALTHCARE, INC. (NXGN)

Role: Chief Financial Officer
Signature: /s/ Jeffrey D. Linton, Attorney-in-Fact for James R. Arnold, Jr.
Stock symbol: NXGN
Transactions as of: Sep 22, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/25/2023, 05:03 PM
Previous filing: Dec 28, 2022
Next filing: Oct 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXGN	Common Stock	Options Exercise		+9.4K	+1.75%		545K	Sep 22, 2023	Direct	F1

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	-9.4K	-50%	$0.00	9.4K	Sep 22, 2023	Common Stock	9.4K		Direct	F1, F2

* 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	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. 28,200 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, 2023, 2/3 of the performance stock units tied to the $19.38 stock price milestone are fully vested. The remaining 9,400 performance stock units tied to the $19.38 stock price milestone will vest on September 22, 2024.

Content

Performance stock units convert to shares of NXGN common stock on a one-for-one basis once fully vested.

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. 28,200 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, 2023, 2/3 of the performance stock units tied to the $19.38 stock price milestone are fully vested. The remaining 9,400 performance stock units tied to the $19.38 stock price milestone will vest on September 22, 2024.