Michael Arntz - 12 Dec 2023 Form 4 Insider Report for SMARTSHEET INC

Role
Chief Revenue Officer
Signature
/s/ Jolene Marshall as attorney-in-fact for Michael Arntz
Issuer symbol
N/A
Transactions as of
12 Dec 2023
Net transactions value
-$185,726
Form type
4
Filing time
14 Dec 2023, 18:43:55 UTC
Previous filing
17 Nov 2023
Next filing
18 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 +10,727 +63% 27,795 12 Dec 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability $185,726 -4,222 -15% $43.99 23,573 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 +51,869 $0.000000 51,869 12 Dec 2023 Class A Common Stock 51,869 Direct F3, F4
transaction SMAR Performance Stock Unit (PSU) (Class A) Award $0 +10,727 $0.000000 10,727 12 Dec 2023 Class A Common Stock 10,727 Direct F1, F5, F6
transaction SMAR Performance Stock Unit (PSU) (Class A) Options Exercise $0 -10,727 -100% $0.000000* 0 12 Dec 2023 Class A Common Stock 10,727 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 10,727 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.