Praerit Garg - Feb 15, 2024 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
Feb 15, 2024
Transactions value $
-$129,777
Form type
4
Date filed
2/20/2024, 06:57 PM
Previous filing
Dec 14, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +1.86K +1.46% 129K Feb 15, 2024 Direct F1, F2
transaction SMAR Class A Common Stock Options Exercise +1.24K +0.96% 130K Feb 15, 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +1.6K +1.23% 132K Feb 15, 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +6.44K +4.88% 138K Feb 15, 2024 Direct F1
transaction SMAR Class A Common Stock Tax liability -$130K -2.84K -2.05% $45.68 136K Feb 15, 2024 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 -1.86K -100% $0.00* 0 Feb 15, 2024 Class A Common Stock 1.86K Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1.24K -20% $0.00 4.96K Feb 15, 2024 Class A Common Stock 1.24K Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1.6K -12.5% $0.00 11.2K Feb 15, 2024 Class A Common Stock 1.6K Direct F1, F6
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6.44K -12.5% $0.00 45.1K Feb 15, 2024 Class A Common Stock 6.44K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Includes 306 shares of Class A Common Stock acquired under the issuer's employee stock purchase plan on December 29, 2023.
F3 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.
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 vested 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.