Nathan Gooden - Feb 20, 2024 Form 4 Insider Report for Squarespace, Inc. (SQSP)

Role
Chief Financial Officer
Signature
/s/ Allyson Wilkinson, as Attorney-in-Fact
Stock symbol
SQSP
Transactions as of
Feb 20, 2024
Transactions value $
-$757,274
Form type
4
Date filed
2/22/2024, 05:44 PM
Previous filing
Dec 22, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SQSP Class A Common Stock Options Exercise $0 +32.4K +82.71% $0.00 71.5K Feb 20, 2024 Direct
transaction SQSP Class A Common Stock Tax liability -$370K -11.8K -16.56% $31.25 59.6K Feb 20, 2024 Direct F1
transaction SQSP Class A Common Stock Options Exercise $0 +24.5K +41.13% $0.00 84.2K Feb 21, 2024 Direct
transaction SQSP Class A Common Stock Tax liability -$387K -12.5K -14.88% $30.94 71.6K Feb 21, 2024 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 SQSP Restricted Stock Units Options Exercise $0 -32.4K -11.54% $0.00 248K Feb 20, 2024 Class A Common Stock 32.4K $0.00 Direct F2
transaction SQSP Performance Restricted Stock Units Award $0 +73.6K $0.00 73.6K Feb 21, 2024 Class A Common Stock 73.6K $0.00 Direct F3
transaction SQSP Performance Restricted Stock Units Options Exercise $0 -24.5K -33.33% $0.00 49.1K Feb 21, 2024 Class A Common Stock 24.5K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Issuer to satisfy applicable withholding tax upon vesting of restricted stock units.
F2 On October 18, 2022, the reporting person received a grant of 431,345 restricted stock units, which vests as follows: (a) 35% on November 20, 2023, (b) 7.5% quarterly in year 2, (c) 5% quarterly in year 3, and (d) 3.75% quarterly in year 4 subject to continued employment through the applicable vesting date, provided, that if such date falls on a weekend or holiday, the vesting date shall be the first business day after such date.
F3 On September 8, 2023, the reporting person received a grant of restricted stock units, eligible to vest subject to the achievement of certain performance criteria and the satisfaction of service conditions. On February 21, 2024, the Compensation Committee determined that the performance criteria was met, resulting in the reporting person earning 73,581 restricted stock units that shall vest upon satisfaction of the following service conditions: (a) one-third immediately vested upon certification by the Compensation Committee on February 21, 2024, (b) one-third on February 20, 2025 and (c) one-third on February 20, 2026, subject to continued employment through the applicable vesting date, provided, that if such date falls on a weekend or holiday, the vesting date shall be the first business day after such date.