Stefan B. Schulz - 31 Jan 2024 Form 4 Insider Report for PROS Holdings, Inc. (PRO)

Role
EVP and CFO
Signature
Chris Chaffin, attorney-in-fact for Stefan B. Schulz
Issuer symbol
PRO
Transactions as of
31 Jan 2024
Net transactions value
+$139,022
Form type
4
Filing time
01 Feb 2024, 10:28:52 UTC
Previous filing
17 Jan 2024
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRO Common Stock Options Exercise $255,603 +7,426 +2.8% $34.42 269,610 31 Jan 2024 Direct F1
transaction PRO Common Stock Tax liability $116,581 -3,387 -1.3% $34.42 266,223 31 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 Market Stock Units Options Exercise $0 -7,426 -2.9% $0.000000 251,932 31 Jan 2024 Common Stock 7,426 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 amount of earned units at 29.9% of target.
F4 All grants in this footnote represent the maximum possible number of shares which may be earned at 200% of target award, and includes: (i) 62,208 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) 98,764 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) 90,960 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.