Robert Bodor - 13 Feb 2023 Form 4 Insider Report for Proto Labs Inc (PRLB)

Role
President and CEO
Signature
/s/ W. Morgan Burns, Attorney-in-Fact
Issuer symbol
PRLB
Transactions as of
13 Feb 2023
Net transactions value
-$70,274
Form type
4
Filing time
15 Feb 2023, 15:08:16 UTC
Previous filing
17 Feb 2022
Next filing
15 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRLB Common Stock Tax liability $70,274 -2,053 -5.6% $34.23 34,614 13 Feb 2023 Direct
transaction PRLB Common Stock Award $0 +22,164 +64% $0.000000 56,778 14 Feb 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 +44,327 $0.000000 44,327 14 Feb 2023 Common Stock 44,327 Direct F2
transaction PRLB Employee Stock Option (right to buy) Award $0 +42,061 $0.000000 42,061 14 Feb 2023 Common Stock 42,061 $33.84 Direct F3
transaction PRLB Employee Stock Option (right to buy) Award $0 +10,448 $0.000000 10,448 14 Feb 2023 Common Stock 10,448 $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.