Michael J. Duffy - Mar 2, 2022 Form 4 Insider Report for GTY Technology Holdings Inc. (GTYH)

Role
CEO OF CITYBASE
Signature
/s/ Jon C. Bourne, Attorney-in-Fact
Stock symbol
GTYH
Transactions as of
Mar 2, 2022
Transactions value $
-$90,360
Form type
4
Date filed
3/4/2022, 08:06 AM
Previous filing
Feb 14, 2022
Next filing
May 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTYH Common Stock Options Exercise +75K +11.49% 728K Mar 2, 2022 Direct F1
transaction GTYH Common Stock Tax liability -$90.4K -23.4K -3.21% $3.87 704K Mar 2, 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 GTYH Restricted Stock Units Options Exercise -75K -50% 75K Mar 2, 2022 Common Stock 75K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 75,000 restricted stock units vested on February 19, 2022. Common stock resulting from the vesting of these restricted stock units was issued on March 2, 2022. Restricted stock units convert into common stock on a one-for-one basis.
F2 23,376 shares of common stock were withheld for the payment of taxes applicable to the settlement of the restricted stock units.
F3 This transaction was executed in multiple trades at prices ranging from $3.76 to $3.97. The price reported above reflects a weighted average sale price. The reporting person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the issuer or a security holder of issuer full information regarding the number of shares and prices at which the transaction was effected.