David M. Farrell - Mar 4, 2022 Form 4/A - Amendment 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 4, 2022
Transactions value $
-$97,955
Form type
4/A - Amendment
Date filed
3/16/2022, 07:19 PM
Date Of Original Report
Mar 9, 2022
Previous filing
Feb 22, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTYH Common Stock Options Exercise +82.3K +23.32% 435K Mar 4, 2022 Direct F1
transaction GTYH Common Stock Tax liability -$98K -25.9K -5.95% $3.78 409K Mar 4, 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 -82.3K -63.43% 47.4K Mar 4, 2022 Common Stock 82.3K 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 granted on February 19, 2022 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.

Remarks:

This amendment is being filed to account for an inadvertent error in the calculation of the amount of performance-based restricted stock units beneficially owned following the reported transactions and to clarify the grant on February 19, 2022 of 7,500 performance based restricted stock units for exceeding performance goals.