Paul Porrini - 15 Feb 2022 Form 4 Insider Report for SMARTSHEET INC

Role: Chief Legal Officer Emeritus
Signature: /s/ Jolene Marshall as attorney-in-fact for Paul Porrini
Issuer symbol: N/A
Transactions as of: 15 Feb 2022
Net transactions value: -$77,352
Form type: 4
Filing time: 17 Feb 2022, 20:26:43 UTC
Previous filing: 29 Dec 2021
Next filing: 16 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMAR	Class A Common Stock	Options Exercise		+1,394	+3.6%		39,901	15 Feb 2022	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+2,478	+6.2%		42,379	15 Feb 2022	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+2,096	+4.9%		44,475	15 Feb 2022	Direct	F1
transaction	SMAR	Class A Common Stock	Tax liability	$77,352	-1,228	-2.8%	$62.99	43,247	15 Feb 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	-1,394	-11%	$0.000000	11,155	15 Feb 2022	Class A Common Stock	1,394		Direct	F1, F3
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-2,478	-25%	$0.000000	7,434	15 Feb 2022	Class A Common Stock	2,478		Direct	F1, F4
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-2,096	-48%	$0.000000	2,261	15 Feb 2022	Class A Common Stock	2,096		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.