Arthur R. Baker III - Feb 15, 2022 Form 4 Insider Report for Proto Labs Inc (PRLB)

Role
Chief Technology Officer
Signature
/s/ W. Morgan Burns, Attorney-in-Fact
Stock symbol
PRLB
Transactions as of
Feb 15, 2022
Transactions value $
-$78,200
Form type
4
Date filed
2/17/2022, 03:07 PM
Previous filing
Dec 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRLB Common Stock Award $0 +5.89K +19.13% $0.00 36.7K Feb 15, 2022 Direct F1, F2
transaction PRLB Common Stock Tax liability -$78.2K -1.39K -3.78% $56.34 35.3K Feb 17, 2022 Direct

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 PRLB Employee Stock Option (right to buy) Award $0 +6.29K $0.00 6.29K Feb 15, 2022 Common Stock 6.29K $59.40 Direct F3
transaction PRLB Performance Stock Units Award $0 +2.95K $0.00 2.95K Feb 15, 2022 Common Stock 2.95K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units that vest as follows: 25% of shares subject to the award will vest on February 13, 2023, and on each February 13th thereafter until all shares subject to the award are fully vested.
F2 Reports the total number of shares of Common Stock of the issuer held by the reporting person including 188 shares purchased on May 15, 2021 and 1 share purchased on November 15, 2021 through the issuer's Employee Stock Purchase Plan program.
F3 25% of shares subject to the award will vest on February 13, 2023, and on each February 13th thereafter until all shares subject to the award are fully vested.
F4 Each performance stock unit represents a contingent right to receive one share of Proto Labs, Inc. common stock. The performance stock units vest upon Proto Labs, Inc. common stock achieving a specified price per share.