Mark Mader - Nov 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
Nov 15, 2023
Transactions value $
-$969,927
Form type
4
Date filed
11/17/2023, 06:27 PM
Previous filing
Sep 26, 2023
Next filing
Dec 14, 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 +0.95% 585K Nov 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +4.34K +0.74% 590K Nov 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +4.49K +0.76% 594K Nov 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +44.3K +7.46% 639K Nov 15, 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability -$970K -23.1K -3.62% $41.99 615K Nov 15, 2023 Direct F2
holding SMAR Class A Common Stock 51.3K Nov 15, 2023 By T49C Trust F3
holding SMAR Class A Common Stock 51.3K Nov 15, 2023 By T77A Trust 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 -5.53K -50% $0.00 5.53K Nov 15, 2023 Class A Common Stock 5.53K Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4.34K -16.66% $0.00 21.7K Nov 15, 2023 Class A Common Stock 4.34K Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4.49K -11.11% $0.00 35.9K Nov 15, 2023 Class A Common Stock 4.49K Direct F1, F6
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -44.3K -33.33% $0.00 88.7K Nov 15, 2023 Class A Common Stock 44.3K 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 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 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.
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.
F7 The RSUs vest as to 33.3% of the total shares on November 15, 2023, and then 8.33% of the total shares shall vest quarterly thereafter, subject to continued service through each vesting date.