Greg Petersen - May 11, 2023 Form 4 Insider Report for PROS Holdings, Inc. (PRO)

Role
Director
Signature
Christopher C. Chaffin, attorney-in-fact for Greg Petersen
Stock symbol
PRO
Transactions as of
May 11, 2023
Transactions value $
$111,443
Form type
4
Date filed
5/15/2023, 04:47 PM
Previous filing
Feb 17, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRO Common Stock Options Exercise $170K +6.81K +6.34% $24.98 114K May 11, 2023 Direct F1
transaction PRO Common Stock Sale -$58.6K -2.38K -2.09% $24.61 112K May 12, 2023 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 -6.81K -100% $0.00* 0 May 11, 2023 Common Stock 6.81K Direct F4, F5
transaction PRO Restricted Stock Units Award $0 +7.21K $0.00 7.21K May 11, 2023 Common Stock 7.21K Direct F4, F6
* 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 Represents the closing price of PROS Holdings, Inc. ("PROS") Common Stock on May 11, 2023.
F2 The sales reported in this Form 4 were affected pursuant to a Rule 10b501 trading plan adopted by the Reporting Person on November 4, 2022 and were accomplished solely to cover the taxes for the vesting noted in footnote 5 below.
F3 These shares were sold in eight (8) transactions, all at the price indicated.
F4 Each restricted stock unit represents the contingent right to receive one share of PROS Holdings, Inc. common stock.
F5 These RSUs vested on May 11, 2023, the date of PROS 2023 annual stockholders' meeting.
F6 These RSUs will vest on the earlier of May 11, 2024, or the date of PROS 2024 annual stockholders' meeting.