Lou Paglia - Jul 11, 2024 Form 4 Insider Report for Sterling Check Corp. (STER)

Role: Mr. Paglia is the President and Chief Operating Officer of Sterling Check Corp.
Signature: /s/ Steven L. Barnett, Attorney-in-Fact for Lou Paglia
Stock symbol: STER
Transactions as of: Jul 11, 2024
Transactions value $: -$267,181
Form type: 4
Date filed: 7/12/2024, 04:12 PM
Previous filing: Jun 13, 2024
Next filing: Jul 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STER	Common Stock	Options Exercise	$322K	+34.3K	+5.54%	$9.39	653K	Jul 11, 2024	Direct
transaction	STER	Common Stock	Options Exercise	$123K	+12.7K	+1.95%	$9.68	665K	Jul 11, 2024	Direct
transaction	STER	Common Stock	Sale	-$712K	-47K	-7.06%	$15.15	618K	Jul 11, 2024	Direct	F1, 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	STER	Employee Stock Option (Right to Buy)	Options Exercise	$0	-34.3K	-100%	$0.00^*	0	Jul 11, 2024	Common Stock	34.3K	$9.39	Direct	F3
transaction	STER	Employee Stock Option (Right to Buy)	Options Exercise	$0	-12.7K	-26.55%	$0.00	35.2K	Jul 11, 2024	Common Stock	12.7K	$9.68	Direct	F3

* 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	This transaction was effected pursuant to a Rule 10b5-1 Plan adopted by Mr. Paglia on June 20, 2023.
F2	This transaction was executed in multiple trades with sales prices ranging from $15.00 to $15.24. The price reported above reflects the weighted average sales price.
F3	These options are fully vested.

Remarks:

Mr. Paglia is the President and Chief Operating Officer of Sterling Check Corp.