Leif E. Pedersen - 31 Mar 2023 Form 4 Insider Report for Certara, Inc. (CERT)

Role
PRESIDENT, SOFTWARE
Signature
/s/ Richard M. Traynor as attorney-in-fact for Leif E. Pedersen
Issuer symbol
CERT
Transactions as of
31 Mar 2023
Net transactions value
-$96,128
Form type
4
Filing time
03 Apr 2023, 16:44:45 UTC
Previous filing
23 Nov 2022
Next filing
12 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CERT Common Stock Tax liability $46,005 -1,933 -1.1% $23.80 173,567 31 Mar 2023 Direct F1, F2
transaction CERT Common Stock Options Exercise $0 +8,646 +5% $0.000000 182,213 31 Mar 2023 Direct F2, F3
transaction CERT Common Stock Tax liability $50,123 -2,106 -1.2% $23.80 180,107 31 Mar 2023 Direct F2, F4

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 CERT Restricted Stock Units Options Exercise $0 -8,646 -33% $0.000000 17,293 31 Mar 2023 Common Stock 8,646 Direct F3
transaction CERT Restricted Stock Units Options Exercise $0 +23,556 $0.000000 23,556 01 Apr 2023 Common Stock 23,556 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") withheld to satisfy the tax withholding obligations in connection with the vesting and settlement of RSUs, exempt under Rule 16b-3. Each RSUs was granted on April 1, 2021, under the Certara, Inc. 2020 Incentive Plan (the "2020 Incentive Plan") and represents a right to receive one share of common stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on April 1, 2022. One-third of the RSUs vested and were on March 31, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on April 1, 2024.
F2 The total reported in Column 5 includes 7,937 RSUs which was previously reported in Table 1 of Form 4.
F3 Each RSU was granted on April 1, 2022, under the 2020 Incentive Plan and represents a right to receive one share of common stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 31, 2023. The remaining two-thirds of the RSUs are scheduled to vest and settle in two equal installments on April 1, 2024, and April 1, 2025.
F4 Represents RSUs withheld to satisfy the tax withholding obligations in connection with the vesting and settlement of RSUs, exempt under Rule 16b-3.
F5 Each RSU was granted on April 1, 2023, under the 2020 Incentive Plan and represents a right to receive one share of common stock or the cash equivalent thereof. The RSUs will vest and settle in three equal installments on April 1, 2024, April 1, 2025, and April 1, 2026.

Remarks:

Reflects the vesting of restricted stock units of the reporting person prior to stepping down from the role of CFO.