David M. Farrell - 04 Mar 2022 Form 4 Insider Report for GTY Technology Holdings Inc.

Role
COO OF GTY AND CEO OF SHERPA
Signature
/s/ Jon C. Bourne, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
04 Mar 2022
Net transactions value
-$97,955
Form type
4
Filing time
08 Mar 2022, 07:16:37 UTC
Previous filing
16 Mar 2022
Next filing
09 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTYH Common Stock Options Exercise +82,250 +23% 434,973 04 Mar 2022 Direct F1
transaction GTYH Common Stock Tax liability $97,955 -25,899 -6% $3.78 409,074 04 Mar 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 Performance Restricted Stock Units Options Exercise -82,250 -67% 39,922 04 Mar 2022 Common Stock 82,250 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 82,250 performance-based restricted stock units vested on February 19, 2022, composed of 75,000 performance-based restricted stock units granted on October 31, 2019 and an additional 7,500 performance-based restricted stock units for exceeding performance goals. Common stock resulting from the vesting of all of these performance-based restricted stock units was issued on March 4, 2022. Restricted stock units convert into common stock on a one-for-one basis.
F2 25,899 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 $3.71 to $3.93. 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.