Paul Porrini - Nov 15, 2021 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
Chief Legal Officer
Signature
/s/ Paul Porrini
Stock symbol
SMAR
Transactions as of
Nov 15, 2021
Transactions value $
-$98,266
Form type
4
Date filed
11/17/2021, 06:27 PM
Previous filing
Aug 17, 2021
Next filing
Dec 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +871 +2.32% 38.5K Nov 15, 2021 Direct F1
transaction SMAR Class A Common Stock Options Exercise +1.39K +3.62% 39.9K Nov 15, 2021 Direct F1
transaction SMAR Class A Common Stock Tax liability -$98.3K -1.37K -3.44% $71.57 38.5K Nov 15, 2021 Direct F2

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 SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -871 -16.66% $0.00 4.36K Nov 15, 2021 Class A Common Stock 871 Direct F1, F3
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1.39K -10% $0.00 12.5K Nov 15, 2021 Class A Common Stock 1.39K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F2 Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.
F3 The RSUs vested as to 25% of the total shares on February 15, 2020 and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.
F4 The RSUs vested as to 25% of the total shares on February 15, 2021 and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.