Penny Herscher - Feb 9, 2024 Form 4 Insider Report for SMART Global Holdings, Inc. (SGH)

Role
Director
Signature
/s/ Anne Kuykendall as attorney-in-fact for Penny Herscher
Stock symbol
SGH
Transactions as of
Feb 9, 2024
Transactions value $
-$75,334
Form type
4
Date filed
2/13/2024, 05:37 PM
Previous filing
Nov 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGH Ordinary Shares Award $0 +6.82K +81.04% $0.00 15.2K Feb 9, 2024 Direct F1
transaction SGH Ordinary Shares Sale -$57.1K -2.53K -16.57% $22.62 12.7K Feb 12, 2024 Direct F3, F4
transaction SGH Ordinary Shares Sale -$18.2K -842 -6.62% $21.62 11.9K Feb 13, 2024 Direct F3, F5
holding SGH Ordinary Shares 4.58K Feb 9, 2024 By Family Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents a restricted share unit award that is scheduled to vest in full on the earlier of February 9, 2025 or the date of the annual general meeting of shareholders at which the reporting person's term expires, subject to the reporting person's continued service through the vesting date.
F2 Shares held by the 2001 Herscher Family Trust U/A/D 6/14/2001, for which the reporting person and her spouse serve as co-trustees.
F3 This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on July 24, 2023.
F4 This transaction was executed in multiple trades at prices ranging from $22.49 to $22.77. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F5 This transaction was executed in multiple trades at prices ranging from $21.39 to $22.04. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.