Bjoern Klaas - 15 Feb 2022 Form 4 Insider Report for Proto Labs Inc (PRLB)

Role: VP and Mng Director-PL Europe
Signature: /s/ W. Morgan Burns, Attorney-in-Fact
Issuer symbol: PRLB
Transactions as of: 15 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 17 Feb 2022, 15:07:53 UTC
Previous filing: 15 Feb 2022
Next filing: 15 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRLB	Common Stock	Award	$0	+3,788	+43%	$0.000000	12,544	15 Feb 2022	Direct	F1

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	+4,042		$0.000000	4,042	15 Feb 2022	Common Stock	4,042	$59.40	Direct	F2
transaction	PRLB	Performance Stock Units	Award	$0	+1,894		$0.000000	1,894	15 Feb 2022	Common Stock	1,894		Direct	F3

* 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	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.
F3	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.