Mark Mader - Dec 12, 2023 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
President and CEO, Director
Signature
/s/ Jolene Marshall as attorney-in-fact for Mark Mader
Stock symbol
SMAR
Transactions as of
Dec 12, 2023
Transactions value $
-$1,151,350
Form type
4
Date filed
12/14/2023, 06:45 PM
Previous filing
Nov 17, 2023
Next filing
Dec 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +66.5K +10.81% 682K Dec 12, 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability -$1.15M -26.2K -3.84% $43.99 656K Dec 13, 2023 Direct F2
holding SMAR Class A Common Stock 51.3K Dec 12, 2023 By T49C Trust F3
holding SMAR Class A Common Stock 51.3K Dec 12, 2023 By T77A Trust 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) Award $0 +98K $0.00 98K Dec 12, 2023 Class A Common Stock 98K Direct F4, F5
transaction SMAR Performance Stock Unit (PSU) (Class A) Award $0 +66.5K $0.00 66.5K Dec 12, 2023 Class A Common Stock 66.5K Direct F1, F6, F7
transaction SMAR Performance Stock Unit (PSU) (Class A) Options Exercise $0 -66.5K -100% $0.00* 0 Dec 12, 2023 Class A Common Stock 66.5K Direct F1, F7
* 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 These securities are held of record by Douglas Porter, Trustee of each of the T77A Trust and the T49C Trust, trusts for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership over such securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F4 Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F5 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.
F6 The reporting person earned 66,512 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.
F7 The PSUs became fully vested upon certification by the Compensation Committee.