Praerit Garg - Dec 12, 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
Dec 12, 2023
Transactions value $
-$222,853
Form type
4
Date filed
12/14/2023, 06:43 PM
Previous filing
Feb 23, 2024
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +12.9K +10.81% 132K Dec 12, 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability -$223K -5.07K -3.84% $43.99 127K Dec 13, 2023 Direct F2

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) Award $0 +69.2K $0.00 69.2K Dec 12, 2023 Class A Common Stock 69.2K Direct F3, F4
transaction SMAR Performance Stock Unit (PSU) (Class A) Award $0 +12.9K $0.00 12.9K Dec 12, 2023 Class A Common Stock 12.9K Direct F1, F5, F6
transaction SMAR Performance Stock Unit (PSU) (Class A) Options Exercise $0 -12.9K -100% $0.00* 0 Dec 12, 2023 Class A Common Stock 12.9K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each PSU 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 PSUs and does not represent a sale by the reporting person.
F3 Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F4 The RSUs vest as to 33.3% of the total shares on November 15, 2024, and then 8.33% of the total shares shall vest quarterly thereafter, subject to continued service through each vesting date.
F5 The reporting person earned 12,873 PSUs upon the achievement of certain performance criteria as certified by the Compensation Committee of the issuer's Board of Directors ("Compensation Committee") on December 12, 2023.
F6 The PSUs became fully vested upon certification by the Compensation Committee.