Andrew Lee Bennett - 15 Feb 2024 Form 4 Insider Report for SMARTSHEET INC

Role: Chief Marketing Officer
Signature: /s/ Jolene Marshall as attorney-in-fact for Andrew Bennett
Issuer symbol: N/A
Transactions as of: 15 Feb 2024
Net transactions value: -$78,570
Form type: 4
Filing time: 20 Feb 2024, 18:58:53 UTC
Previous filing: 14 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		+1,395	+3.7%		38,641	15 Feb 2024	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+620	+1.6%		39,261	15 Feb 2024	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+1,282	+3.3%		40,543	15 Feb 2024	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+3,218	+7.9%		43,761	15 Feb 2024	Direct	F1
transaction	SMAR	Class A Common Stock	Tax liability	$78,570	-1,720	-3.9%	$45.68	42,041	15 Feb 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	-1,395	-100%	$0.000000^*	0	15 Feb 2024	Class A Common Stock	1,395		Direct	F1, F3
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-620	-20%	$0.000000	2,478	15 Feb 2024	Class A Common Stock	620		Direct	F1, F4
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-1,282	-13%	$0.000000	8,973	15 Feb 2024	Class A Common Stock	1,282		Direct	F1, F5
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-3,218	-12%	$0.000000	22,529	15 Feb 2024	Class A Common Stock	3,218		Direct	F1, F6

* 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 February 15, 2021, 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 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.
F5	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.
F6	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.