Andres Reiner - Jan 31, 2024 Form 4 Insider Report for PROS Holdings, Inc. (PRO)

Role
President & CEO, Director
Signature
Chris Chaffin, attorney-in-fact for Andres D. Reiner
Stock symbol
PRO
Transactions as of
Jan 31, 2024
Transactions value $
$364,990
Form type
4
Date filed
2/1/2024, 10:27 AM
Previous filing
Jan 17, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRO Common Stock Options Exercise $602K +17.5K +1.71% $34.42 1.04M Jan 31, 2024 Direct F1
transaction PRO Common Stock Tax liability -$237K -6.88K -0.66% $34.42 1.03M Jan 31, 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 Market Stock Units Options Exercise $0 -17.5K -3.19% $0.00 530K Jan 31, 2024 Common Stock 17.5K Direct F2, F3, F4
* 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 31, 2024.
F2 One share of PROS Common Stock will be issued for each performance Market Stock Unit ("MSU") that vests.
F3 These MSUs were awarded January 11, 2021, and vested on January 31, 2024. They were 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, 2021, through December 31, 2023. The number shown is the number of earned units at 29.9% of target.
F4 4. All grants in this footnote represent the maximum possible number of shares which may be earned at 200% of target award, and includes: (i) 171,072 MSUs - the performance period for these shares will end on December 31, 2024, will settle on January 31, 2025, and is associated with a January 10, 2022 grant; (ii) 186,008 MSUs - the performance period for these shares will end on December 31, 2025, will settle on January 31, 2026, and is associated with a January 12, 2023 grant; and (iii) 172,824 MSUs - the performance period for these shares will end on December 31, 2026, will settle on January 31, 2027, and is associated with a January 12, 2024 grant.