Bjoern Klaas - Feb 13, 2023 Form 4 Insider Report for Proto Labs Inc (PRLB)

Role
VP and Mng Director-PL Europe
Signature
/s/ W. Morgan Burns, Attorney-in-Fact
Stock symbol
PRLB
Transactions as of
Feb 13, 2023
Transactions value $
-$38,303
Form type
4
Date filed
2/15/2023, 03:05 PM
Previous filing
Feb 17, 2022
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRLB Common Stock Tax liability -$38.3K -1.12K -8.92% $34.23 11.4K Feb 13, 2023 Direct
transaction PRLB Common Stock Award $0 +6.65K +58.2% $0.00 18.1K Feb 14, 2023 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 Performance Stock Units Award $0 +3.33K $0.00 3.33K Feb 14, 2023 Common Stock 3.33K Direct F2
transaction PRLB Employee Stock Option (right to buy) Award $0 +6.31K $0.00 6.31K Feb 14, 2023 Common Stock 6.31K $33.84 Direct F3
transaction PRLB Employee Stock Option (right to buy) Award $0 +3.05K $0.00 3.05K Feb 14, 2023 Common Stock 3.05K $33.84 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, 2024, and on each February 13th thereafter until all shares subject to the award are fully vested.
F2 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.
F3 25% of shares subject to the award will vest on February 13, 2024, and on each February 13th thereafter until all shares subject to the award are fully vested.
F4 The stock option vests in full on February 13, 2024.