Drew Burks - May 6, 2021 Form 4 Insider Report for Goosehead Insurance, Inc. (GSHD)

Role: Chief Information Officer
Signature: /s/ P. Ryan Langston, as Attorney-in-Fact for Drew Burks
Stock symbol: GSHD
Transactions as of: May 6, 2021
Transactions value $: -$181,850
Form type: 4
Date filed: 5/10/2021, 06:27 PM
Next filing: Jun 1, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GSHD	Class A Common Stock	Options Exercise	$20K	+2K	+5128.21%	$10.00^*	2.04K	May 6, 2021	Direct
transaction	GSHD	Class A Common Stock	Sale	-$202K	-2K	-98.09%	$100.93	39	May 6, 2021	Direct

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	GSHD	Employee Stock Options	Options Exercise	$0	-2K	-5.33%	$0.00	35.5K	May 6, 2021	Class A Stock	2K	$10.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	One third (1/3rd) of the shares subject to the option shall vest and become exercisable, subject to continued employment, on each of the second, third and fourth anniversaries of the grant date; provided, that all shares subject to the option will vest and become exercisable if Mr. Burks' employment is terminated without "cause" or for "good reason" (each as defined in either Mr. Burks' option award agreement or the issuer's omnibus incentive plan) within six month following a "change in control" (as defined in the issuer's omnibus incentive plan).

Content

One third (1/3rd) of the shares subject to the option shall vest and become exercisable, subject to continued employment, on each of the second, third and fourth anniversaries of the grant date; provided, that all shares subject to the option will vest and become exercisable if Mr. Burks' employment is terminated without "cause" or for "good reason" (each as defined in either Mr. Burks' option award agreement or the issuer's omnibus incentive plan) within six month following a "change in control" (as defined in the issuer's omnibus incentive plan).