Leslie J. Rechan - 11 Jan 2022 Form 4 Insider Report for PROS Holdings, Inc. (PRO)

Role
Chief Operating Officer
Signature
Damian W. Olthoff, attorney-in-fact for Leslie Rechan
Issuer symbol
PRO
Transactions as of
11 Jan 2022
Net transactions value
+$198,064
Form type
4
Filing time
13 Jan 2022, 16:03:01 UTC
Previous filing
10 Nov 2021
Next filing
13 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRO Common Stock Award $328,054 +9,935 +18% $33.02 64,484 11 Jan 2022 Direct F1
transaction PRO Common Stock Sale $129,990 -3,974 -6.2% $32.71 60,510 12 Jan 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 +9,935 +8.3% $0.000000 129,113 11 Jan 2022 Common Stock 9,935 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the price of the Issuer's common stock at the close of market on January 11, 2022.
F2 The sales reported in this Form 4 were sold solely to cover tax withholding obligations and were effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 8, 2021.
F3 These shares were sold in multiple transactions all at this price.
F4 Each restricted stock unit represents the contingent right to receive one share of PROS Holdings, Inc. common stock.
F5 This is the first tranche of the grant awarded on January 11, 2021, which vests annually, in four equal installments each year.
F6 Includes: (i) 99,305 unvested RSUs awarded on May 13, 2020 - the award vests in four equal annual installments which began on May 13, 2021, with a final lapse date of May 13, 2024; and (ii) 29,808 unvested RSUs awarded on January 11, 2021 - the award vests in four equal annual installments which began on January 13, 2022, with a final lapse date of January 11, 2025.