David M. Farrell - Mar 11, 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 11, 2022
Transactions value $
-$124,551
Form type
4
Date filed
3/15/2022, 09:35 PM
Previous filing
Mar 11, 2022
Next filing
Jul 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTYH Common Stock Options Exercise +80K +13.22% 685K Mar 11, 2022 Direct F1
transaction GTYH Common Stock Tax liability -$125K -38.5K -5.61% $3.24 647K Mar 11, 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 -80K -80% 20K Mar 11, 2022 Common Stock 80K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 80,000 restricted stock units vested on February 19, 2022. Common stock resulting from the vesting of these restricted stock units was issued on March 11, 2022. Restricted stock units convert into common stock on a one-for-one basis.
F2 38,456 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 $3.11 to $3.42. 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.