David M. Farrell - Mar 7, 2022 Form 4 Insider Report for GTY Technology Holdings Inc. (GTYH)

Role
COO OF GTY AND CEO OF SHERPA
Signature
/s/ Jon C. Bourne, Attorney-in-Fact
Stock symbol
GTYH
Transactions as of
Mar 7, 2022
Transactions value $
-$123,588
Form type
4
Date filed
3/9/2022, 03:31 PM
Previous filing
Mar 8, 2022
Next filing
Mar 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTYH Common Stock Options Exercise +54K +13.2% 463K Mar 7, 2022 Direct F1
transaction GTYH Common Stock Tax liability -$63.1K -17.1K -3.68% $3.70 446K Mar 7, 2022 Direct F2, F3
transaction GTYH Common Stock Options Exercise +41.8K +9.37% 488K Mar 8, 2022 Direct F4
transaction GTYH Common Stock Tax liability -$44K -12.2K -2.5% $3.61 476K Mar 8, 2022 Direct F5, F6
transaction GTYH Common Stock Options Exercise +15.7K +3.31% 491K Mar 8, 2022 Direct F7
transaction GTYH Common Stock Tax liability -$16.5K -4.58K -0.93% $3.61 487K Mar 8, 2022 Direct F8, F9

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 -54K -14.76% 312K Mar 7, 2022 Common Stock 54K Direct F1
transaction GTYH Restricted Stock Units Options Exercise -41.8K -13.41% 270K Mar 8, 2022 Common Stock 41.8K Direct F4
transaction GTYH Performance Restricted Stock Units Options Exercise -15.7K -33.16% 31.7K Mar 8, 2022 Common Stock 15.7K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 54,000 restricted stock units vested on January 1, 2022. Common stock resulting from the vesting of these restricted stock units was issued on March 7, 2022. Restricted stock units convert into common stock on a one-for-one basis.
F2 17,050 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 $3.59 to $3.78. 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.
F4 41,799 restricted stock units vested on February 19, 2022. 31,799 were granted on February 10, 2022. 10,000 were granted on April 30, 2021. Common stock resulting from the vesting of all of these restricted stock units was issued on March 8, 2022. Restricted stock units convert into common stock on a one-for-one basis.
F5 12,174 shares of common stock were withheld for the payment of taxes applicable to the settlement of the restricted stock units.
F6 This transaction was executed in multiple trades at prices ranging from $3.54 to $3.72. 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.
F7 15,724 performance-based restricted stock units vested on February 19, 2022. Common stock resulting from the vesting of these performance-based restricted stock units was issued on March 8, 2022. Performance-based restricted stock units convert on a one-for-one basis into common stock or the cash equivalent.
F8 4,582 shares of common stock were withheld for the payment of taxes applicable to the settlement of the restricted stock units.
F9 This transaction was executed in multiple trades at prices ranging from $3.54 to $3.72. 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.