Stefan B. Schulz - 12 Jan 2024 Form 4 Insider Report for PROS Holdings, Inc. (PRO)

Signature
Chris Chaffin, attorney-in-fact for Stefan B. Schulz
Issuer symbol
PRO
Transactions as of
12 Jan 2024
Net transactions value
+$354,368
Form type
4
Filing time
16 Jan 2024, 16:35:03 UTC
Previous filing
12 Jan 2024
Next filing
17 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRO Common Stock Options Exercise $651,463 +18,518 +7.4% $35.18 267,556 12 Jan 2024 Direct F1
transaction PRO Common Stock Tax liability $297,095 -8,445 -3.2% $35.18 259,111 12 Jan 2024 Direct F1

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 -18,518 -16% $0.000000 93,849 12 Jan 2024 Common Stock 18,518 Direct F2, F3, F4
transaction PRO Restricted Stock Units Award $0 +68,220 +73% $0.000000 162,069 12 Jan 2024 Common Stock 68,220 Direct F2, F5, F6
transaction PRO Market Stock Units Award $0 +90,960 +43% $0.000000 301,610 12 Jan 2024 Common Stock 90,960 Direct F7, F8, F9
* 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 12, 2024.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive one share of PROS common stock.
F3 This RSU grant was awarded on January 12, 2023 in the amount of 74,074 RSUs. They vested 25% after one-year on the anniversary date, and the remainder vest at the rate of 6.25% on the 12th day of the first month of each quarter thereafter.
F4 Includes: (i) 5,650 unvested RSUs awarded January 13, 2020 - the award vests in four equal annual installments beginning January 13, 2021, with a final lapse date of January 13, 2024; (ii) 9,315 unvested RSUs awarded January 11, 2021 - the award vests in four equal annual installments beginning January 11, 2022, with a final lapse date of January 11, 2025; (iii) 23,328 unvested RSUs awarded 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; and (iv) 55,556 unvested RSUs awarded January 12, 2023 - 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 12th day of the first month of each quarter thereafter.
F5 This RSU grant was awarded on January 12, 2024 in the amount of 68,220 RSUs. They vest 25% after one-year on the anniversary date, and the remainder vest at the rate of 6.25% on the 12th day of the first month of each quarter thereafter.
F6 This amount includes everything listed in Footnote 4, with the addition of item (v) as detailed in Footnote 5.
F7 One share of PROS common stock will be issued for each performance Market Stock Unit ("MSU") that vests.
F8 These MSUs were granted on January 12, 2024, have a settlement date of January 31, 2027 and are subject to a performance measure based on the relative total shareholder return of PROS common stock vs. the return of the Russell 2000 Index during the performance period January 1, 2024 through December 31, 2026. The number reported here represents the maximum possible number of shares which may be earned at 200% of target award.
F9 All grants in this footnote represent the maximum possible number of shares which may be earned at 200% of target award, and includes: (i) 49,678 MSUs - the performance period for these shares ended on December 31, 2023 and will settle on January 31, 2024, and is associated with a January 11, 2021 grant; (ii) 62,208 MSUs - the performance period for these shares will end on December 31, 2024 and will settle on January 31, 2025, and is associated with a January 10, 2022 grant; and (iii) 98,764 MSUs - the performance period for these shares will end on December 31, 2025 and will settle on January 31, 2026, and is associated with a January 12, 2023 grant; and (iv) 90,960 MSUs, the details of which are presented in Footnote 8.