Praerit Garg - Aug 15, 2023 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
Chief Product Officer
Signature
/s/ Jolene Marshall as attorney-in-fact for Praerit Garg
Stock symbol
SMAR
Transactions as of
Aug 15, 2023
Transactions value $
-$52,361
Form type
4
Date filed
8/17/2023, 05:20 PM
Previous filing
May 17, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +1.86K +1.9% 99.5K Aug 15, 2023 Direct F1, F2
transaction SMAR Class A Common Stock Options Exercise +1.24K +1.25% 101K Aug 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +1.6K +1.59% 102K Aug 15, 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability -$52.4K -1.31K -1.29% $39.94 101K Aug 15, 2023 Direct F3

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 -1.86K -33.33% $0.00 3.72K Aug 15, 2023 Class A Common Stock 1.86K Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1.24K -14.29% $0.00 7.43K Aug 15, 2023 Class A Common Stock 1.24K Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1.6K -10% $0.00 14.4K Aug 15, 2023 Class A Common Stock 1.6K Direct F1, F6
* 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 Includes 340 shares of Class A Common Stock acquired under the issuer's employee stock purchase plan on June 30, 2023.
F3 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.
F4 The RSUs vested as to 25% of the total shares on February 15, 2021, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.
F5 The RSUs vested as to 25% of the total shares on February 15, 2022, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.
F6 The RSUs vested as to 25% of the total shares on November 15, 2022, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.