Jolene Lau Marshall - 15 Nov 2023 Form 4 Insider Report for SMARTSHEET INC

Role
Chief Legal Officer
Signature
/s/ Jolene Marshall
Issuer symbol
N/A
Transactions as of
15 Nov 2023
Net transactions value
-$279,212
Form type
4
Filing time
17 Nov 2023, 18:28:11 UTC
Previous filing
04 Oct 2023
Next filing
14 Dec 2023
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 +715 +12% 6,575 15 Nov 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +465 +7.1% 7,040 15 Nov 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +1,602 +23% 8,642 15 Nov 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +12,872 +149% 21,514 15 Nov 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability $191,642 -4,564 -21% $41.99 16,950 15 Nov 2023 Direct F2
transaction SMAR Class A Common Stock Sale $87,569 -2,102 -12% $41.66 14,848 16 Nov 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 -50% $0.000000 716 15 Nov 2023 Class A Common Stock 715 Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -465 -17% $0.000000 2,324 15 Nov 2023 Class A Common Stock 465 Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1,602 -11% $0.000000 12,818 15 Nov 2023 Class A Common Stock 1,602 Direct F1, F6
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -12,872 -33% $0.000000 25,747 15 Nov 2023 Class A Common Stock 12,872 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.