Mark Mader - Dec 11, 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
Dec 11, 2024
Transactions value $
-$1,142,628
Form type
4
Date filed
12/13/2024, 06:02 PM
Previous filing
Nov 19, 2024
Next filing
Dec 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 +51.9K +8.5% 663K Dec 11, 2024 Direct F1
transaction SMAR Class A Common Stock Tax liability -$1.14M -20.4K -3.08% $55.97 642K Dec 11, 2024 Direct F2
transaction SMAR Class A Common Stock Gift $0 -12.8K -1.99% $0.00 629K Dec 12, 2024 Direct F3
holding SMAR Class A Common Stock 51.3K Dec 11, 2024 By T49C Trust F4
holding SMAR Class A Common Stock 40K Dec 11, 2024 By L38 Trust 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 Performance Stock Unit (PSU) (Class A) Award $0 +104K $0.00 104K Dec 11, 2024 Class A Common Stock 104K Direct F1, F5, F6
transaction SMAR Performance Stock Unit (PSU) (Class A) Options Exercise $0 -51.9K -50% $0.00 51.9K Dec 11, 2024 Class A Common Stock 51.9K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each PSU 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 PSUs and does not represent a sale by the reporting person.
F3 Represents shares of the issuer's Class A Common Stock that the reporting person donated as a gift.
F4 These securities are held of record by Douglas Porter, Trustee of the T49C Trust and L38 Trust, trusts for the benefit of the reporting person's child. 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.
F5 The reporting person earned 103,758 PSUs upon the achievement of certain performance criteria as certified by the Compensation Committee of the issuer's Board of Directors ("Compensation Committee") on December 11, 2024.
F6 The PSUs vested as to 50% upon certification by the Compensation Committee, and then 12.5% of the total PSUs shall vest quarterly thereafter, subject to continued service through each vesting date.