Paul Porrini - Feb 15, 2022 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
Chief Legal Officer Emeritus
Signature
/s/ Jolene Marshall as attorney-in-fact for Paul Porrini
Stock symbol
SMAR
Transactions as of
Feb 15, 2022
Transactions value $
-$77,352
Form type
4
Date filed
2/17/2022, 08:26 PM
Previous filing
Dec 29, 2021
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +1.39K +3.62% 39.9K Feb 15, 2022 Direct F1
transaction SMAR Class A Common Stock Options Exercise +2.48K +6.21% 42.4K Feb 15, 2022 Direct F1
transaction SMAR Class A Common Stock Options Exercise +2.1K +4.95% 44.5K Feb 15, 2022 Direct F1
transaction SMAR Class A Common Stock Tax liability -$77.4K -1.23K -2.76% $62.99 43.2K Feb 15, 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 SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1.39K -11.11% $0.00 11.2K Feb 15, 2022 Class A Common Stock 1.39K Direct F1, F3
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2.48K -25% $0.00 7.43K Feb 15, 2022 Class A Common Stock 2.48K Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2.1K -48.11% $0.00 2.26K Feb 15, 2022 Class A Common Stock 2.1K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F2 Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.
F3 The RSUs shall vest as to 25% of the total shares on February 15, 2021, and then 6.25% of the total shares shall vest quarterly thereafter, subject to continued service through each vesting date.
F4 The RSUs shall vest as to 25% of the total shares on February 15, 2022, and then 6.25% of the total shares shall vest quarterly thereafter, subject to continued service through each vesting date.
F5 The RSUs shall vest as to 25% of the total shares on February 15, 2020, and then 6.25% of the total shares shall vest quarterly thereafter, subject to continued service through each vesting date.