Pete Godbole - Feb 15, 2024 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
CFO & Treasurer
Signature
/s/ Jolene Marshall as attorney-in-fact for Pete Godbole
Stock symbol
SMAR
Transactions as of
Feb 15, 2024
Transactions value $
-$147,409
Form type
4
Date filed
2/20/2024, 06:58 PM
Previous filing
Dec 19, 2023
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +1.76K +3.84% 47.6K Feb 15, 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +6.97K +14.64% 54.6K Feb 15, 2024 Direct F1
transaction SMAR Class A Common Stock Tax liability -$147K -3.23K -5.91% $45.68 51.4K Feb 15, 2024 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) Options Exercise $0 -1.76K -11.11% $0.00 14.1K Feb 15, 2024 Class A Common Stock 1.76K Direct F1, F3
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -6.97K -12.5% $0.00 48.8K Feb 15, 2024 Class A Common Stock 6.97K Direct F1, F4
* 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 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.
F3 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.
F4 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.