Jolene Marshall - Nov 15, 2023 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
Chief Legal Officer
Signature
/s/ Jolene Marshall
Stock symbol
SMAR
Transactions as of
Nov 15, 2023
Transactions value $
-$279,212
Form type
4
Date filed
11/17/2023, 06:28 PM
Previous filing
Oct 4, 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 +715 +12.2% 6.58K Nov 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +465 +7.07% 7.04K Nov 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +1.6K +22.76% 8.64K Nov 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +12.9K +148.95% 21.5K Nov 15, 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability -$192K -4.56K -21.21% $41.99 17K Nov 15, 2023 Direct F2
transaction SMAR Class A Common Stock Sale -$87.6K -2.1K -12.4% $41.66 14.8K Nov 16, 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 -715 -49.97% $0.00 716 Nov 15, 2023 Class A Common Stock 715 Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -465 -16.67% $0.00 2.32K Nov 15, 2023 Class A Common Stock 465 Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1.6K -11.11% $0.00 12.8K Nov 15, 2023 Class A Common Stock 1.6K Direct F1, F6
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -12.9K -33.33% $0.00 25.7K Nov 15, 2023 Class A Common Stock 12.9K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on June 26, 2023.
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.