Mark Mader - May 15, 2024 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
May 15, 2024
Transactions value $
-$320,216
Form type
4
Date filed
5/17/2024, 07:35 PM
Previous filing
Feb 20, 2024
Next filing
Jun 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 +4.34K +0.74% 589K May 15, 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +4.49K +0.76% 593K May 15, 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +11.1K +1.87% 604K May 15, 2024 Direct F1
transaction SMAR Class A Common Stock Tax liability -$320K -7.84K -1.3% $40.87 597K May 15, 2024 Direct F2
holding SMAR Class A Common Stock 51.3K May 15, 2024 By T49C Trust F3
holding SMAR Class A Common Stock 51.3K May 15, 2024 By T77A Trust F3
holding SMAR Class A Common Stock 40K May 15, 2024 By L29 Trust F3
holding SMAR Class A Common Stock 40K May 15, 2024 By L38 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) Options Exercise $0 -4.34K -25% $0.00 13K May 15, 2024 Class A Common Stock 4.34K Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4.49K -14.29% $0.00 26.9K May 15, 2024 Class A Common Stock 4.49K Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -11.1K -14.29% $0.00 66.5K May 15, 2024 Class A Common Stock 11.1K 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 These securities are held of record by Douglas Porter, Trustee of each of the T77A Trust, T49C Trust, L38 Trust, and L29 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 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.