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

Role: Chief Product Officer
Signature: /s/ Allyson Wilkinson, as Attorney-in-Fact
Stock symbol: SQSP
Transactions as of: Feb 20, 2024
Transactions value $: -$599,761
Form type: 4
Date filed: 2/22/2024, 05:48 PM
Previous filing: Nov 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	+8.06K	+24.39%	$0.00	41.1K	Feb 20, 2024	Direct
transaction	SQSP	Class A Common Stock	Options Exercise	$0	+4.12K	+10.03%	$0.00	45.2K	Feb 20, 2024	Direct
transaction	SQSP	Class A Common Stock	Options Exercise	$0	+17.5K	+38.78%	$0.00	62.7K	Feb 20, 2024	Direct
transaction	SQSP	Class A Common Stock	Tax liability	-$389K	-12.4K	-19.83%	$31.25	50.3K	Feb 20, 2024	Direct	F1
transaction	SQSP	Class A Common Stock	Options Exercise	$0	+12.7K	+25.24%	$0.00	63K	Feb 21, 2024	Direct
transaction	SQSP	Class A Common Stock	Tax liability	-$211K	-6.82K	-10.82%	$30.94	56.2K	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	-8.06K	-50%	$0.00	8.06K	Feb 20, 2024	Class A Common Stock	8.06K	$0.00	Direct	F2
transaction	SQSP	Restricted Stock Units	Options Exercise	$0	-4.12K	-11.11%	$0.00	33K	Feb 20, 2024	Class A Common Stock	4.12K	$0.00	Direct	F3
transaction	SQSP	Restricted Stock Units	Options Exercise	$0	-17.5K	-25%	$0.00	52.6K	Feb 20, 2024	Class A Common Stock	17.5K	$0.00	Direct	F4
transaction	SQSP	Performance Restricted Stock Units	Award	$0	+38.1K		$0.00	38.1K	Feb 21, 2024	Class A Common Stock	38.1K	$0.00	Direct	F5
transaction	SQSP	Performance Restricted Stock Units	Disposed to Issuer	$0	-12.7K	-33.33%	$0.00	25.4K	Feb 21, 2024	Class A Common Stock	12.7K	$0.00	Direct	F5

* 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 January 20, 2021, the reporting person received a grant of 32,224 restricted stock units, which vests as follows: (a) 25% on February 20, 2022, (b) 25% on February 20, 2023, (c) 25% on February 20, 2024 and (d) 25% on February 20, 2025, 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 February 22, 2022, the reporting person received a grant of 65,967 restricted stock units, which vests as follows: (a) 25% on February 20, 2023 and (b) 6.25% quarterly thereafter, 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.
F4	On March 3, 2023, the reporting person received a grant of 70,133 restricted stock units, which vests as follows: (a) 25% on February 20, 2024 and (b) 6.25% quarterly thereafter, 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.
F5	On March 3, 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 38,098 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.