Jolene Lau Marshall - 15 Aug 2024 Form 4 Insider Report for SMARTSHEET INC

Role
Chief Legal Officer
Signature
/s/ Jolene Marshall
Issuer symbol
N/A
Transactions as of
15 Aug 2024
Net transactions value
-$253,921
Form type
4
Filing time
16 Aug 2024, 17:48:23 UTC
Previous filing
09 Jul 2024
Next filing
17 Sep 2024
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 +465 +2.8% 17,032 15 Aug 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +1,602 +9.4% 18,634 15 Aug 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +3,218 +17% 22,385 15 Aug 2024 Direct F1, F2
transaction SMAR Class A Common Stock Tax liability $73,680 -1,544 -6.9% $47.72 20,841 15 Aug 2024 Direct F3
transaction SMAR Class A Common Stock Sale $180,241 -3,741 -18% $48.18 17,100 15 Aug 2024 Direct F4

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 -465 -33% $0.000000 931 15 Aug 2024 Class A Common Stock 465 Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1,602 -17% $0.000000 8,012 15 Aug 2024 Class A Common Stock 1,602 Direct F1, F6
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -3,218 -17% $0.000000 16,093 15 Aug 2024 Class A Common Stock 3,218 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 533 shares of Class A Common Stock acquired under the issuer's employee stock purchase plan on June 28, 2024.
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 reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on April 4, 2024.
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 vest 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.