Robert Bernshteyn - Jul 28, 2022 Form 4 Insider Report for Coupa Software Inc (COUP)

Role
Chief Executive Officer, Director
Signature
/s/ Jon Stueve, Authorized Signatory For: Robert Bernshteyn
Stock symbol
COUP
Transactions as of
Jul 28, 2022
Transactions value $
$0
Form type
4
Date filed
8/1/2022, 05:00 PM
Previous filing
Jun 22, 2022
Next filing
Sep 22, 2022

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 COUP Restricted Stock Units Award $0 +390K $0.00 390K Jul 28, 2022 Common Stock 390K Direct F1, F2
transaction COUP Performance Stock Units Award $0 +585K $0.00 585K Jul 28, 2022 Common Stock 585K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit converts into common stock on a one-for-one basis.
F2 The first 60% of the total number of RSUs granted will vest on June 20, 2025, 20% of the total number of RSUs granted will vest on June 20, 2026 and 20% of the total number of RSUs granted will vest on June 20, 2027. Vested shares will be delivered to the reporting person upon vest date. Unless otherwise provided, on each vest date shares of common stock will automatically be sold to satisfy the reporting person's tax withholding obligations in a non-discretionary transaction.
F3 Each Performance Stock Unit converts into common stock on a one-for-one basis. The number of derivative securities acquired assumes achievement of all performance-based conditions.
F4 The PSU will vest dependent upon achievement of performance-based conditions prior to July 28, 2027 and service-based conditions through July 28, 2025. Vested shares will be delivered to the reporting person upon vest date. Unless otherwise provided, on each vest date shares of common stock will automatically be sold to satisfy the reporting person's tax withholding obligations in a non-discretionary transaction.