Praerit Garg - 12 Dec 2023 Form 4 Insider Report for SMARTSHEET INC

Role: Chief Product Officer
Signature: /s/ Jolene Marshall as attorney-in-fact for Praerit Garg
Issuer symbol: N/A
Transactions as of: 12 Dec 2023
Net transactions value: -$222,853
Form type: 4
Filing time: 14 Dec 2023, 18:43:23 UTC
Previous filing: 23 Feb 2024
Next filing: 20 Feb 2024
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		+12,873	+11%		132,006	12 Dec 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Tax liability	$222,853	-5,066	-3.8%	$43.99	126,940	13 Dec 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	+69,159		$0.000000	69,159	12 Dec 2023	Class A Common Stock	69,159		Direct	F3, F4
transaction	SMAR	Performance Stock Unit (PSU) (Class A)	Award	$0	+12,873		$0.000000	12,873	12 Dec 2023	Class A Common Stock	12,873		Direct	F1, F5, F6
transaction	SMAR	Performance Stock Unit (PSU) (Class A)	Options Exercise	$0	-12,873	-100%	$0.000000^*	0	12 Dec 2023	Class A Common Stock	12,873		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.