Mark Mader - Aug 15, 2023 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
President and CEO, Director
Signature
/s/ Jolene Marshall as attorney-in-fact for Mark Mader
Stock symbol
SMAR
Transactions as of
Aug 15, 2023
Transactions value $
-$225,661
Form type
4
Date filed
8/17/2023, 05:22 PM
Previous filing
Jun 27, 2023
Next filing
Sep 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +5.53K +1.02% 546K Aug 15, 2023 Direct F1, F2
transaction SMAR Class A Common Stock Options Exercise +4.34K +0.79% 550K Aug 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +4.49K +0.81% 555K Aug 15, 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability -$226K -5.65K -1.02% $39.94 549K Aug 15, 2023 Direct F3
holding SMAR Class A Common Stock 51.3K Aug 15, 2023 By T49C Trust
holding SMAR Class A Common Stock 51.3K Aug 15, 2023 By T77A Trust F4

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 -5.53K -33.34% $0.00 11.1K Aug 15, 2023 Class A Common Stock 5.53K Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4.34K -14.29% $0.00 26K Aug 15, 2023 Class A Common Stock 4.34K Direct F1, F6
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4.49K -10% $0.00 40.4K Aug 15, 2023 Class A Common Stock 4.49K Direct F1, F7
* 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 253 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 These securities are held of record by Douglas Porter, Trustee of each of the T77A Trust and the T49C Trust, trusts for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership over such securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5 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
F6 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.
F7 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.