Scott William Cook - Jan 11, 2022 Form 4 Insider Report for PROS Holdings, Inc. (PRO)

Role
Sr.VP,Chief Accounting Officer
Signature
Chris Chaffin, attorney-in-fact for Scott William Cook
Stock symbol
PRO
Transactions as of
Jan 11, 2022
Transactions value $
$66,281
Form type
4
Date filed
1/13/2022, 04:02 PM
Previous filing
Jan 12, 2022
Next filing
Jan 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRO Restricted Stock Units Options Exercise $120K +3.62K +10.78% $33.02 37.2K Jan 11, 2022 Direct F1
transaction PRO Common Stock Sale -$53.3K -1.63K -4.38% $32.71 35.6K Jan 12, 2022 Direct F2, 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 PRO Restricted Stock Units Options Exercise $0 +3.62K +9.93% $0.00 40.1K Jan 11, 2022 Common Stock 3.62K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price represents the price of PROS Holdings, Inc. ("PROS") common stock at the close of market on January 11, 2022.
F2 The sale of shares reported on this Form 4 were made solely to cover tax withholding obligations of the Reporting Person and were sold pursuant to a Rule 10b5-1 trading plan dated December 8, 2021.
F3 These shares were sold in multiple transactions all at this price.
F4 Each restricted stock unit ("RSU") represents the contingent right to receive one share of PROS common stock.
F5 This is the first tranche of a RSU grant, awarded on January 11, 2021 in the amount of 14,489 units, that vested annually, in equal installments over a four-year period on January 11 of each year.
F6 Includes: (i) 4,539 unvested RSUs awarded on January 15, 2019 - the award vests in four equal annual installments which began on January 15, 2020, with a final lapse date of January 15, 2023; (ii) 4,500 unvested RSUs awarded on January 13, 2020 - the award vests in four equal annual installments beginning January 13, 2021, with a final lapse date of January 13, 2024; (iii) 10,856 unvested RSUs awarded on January 11, 2021 - the award vests in four equal annual installments beginning January 11, 2022, with a final lapse date of January 11, 2025; and (iv) 20,217 unvested RSUs awarded on January 10, 2022 - the award vests at 25% after one year on the anniversary date, and the remainder will vest at the rate of 6.25% on the 10th day of the first month of each quarter thereafter.