Patrick Ryan Langston - Aug 26, 2021 Form 4 Insider Report for Goosehead Insurance, Inc. (GSHD)

Role: VP and General Counsel, Member of 10% owner group, 10%+ Owner
Signature: /s/ P. Ryan Langston
Stock symbol: GSHD
Transactions as of: Aug 26, 2021
Transactions value $: -$1,202,000
Form type: 4
Date filed: 8/27/2021, 07:49 PM
Next filing: Sep 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GSHD	Class A Common Stock	Options Exercise	$100K	+10K	+200%	$10.00^*	15K	Aug 26, 2021	Direct
transaction	GSHD	Class A Common Stock	Sale	-$1.3M	-10K	-66.67%	$130.20	5K	Aug 26, 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 (right to buy)	Options Exercise	$0	-10K	-12.5%	$0.00	70K	Aug 26, 2021	Class A Stock	10K	$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 option, which represents the right to purchase a total of 120,000 shares, shall vest and become exercisable, subject to continued employment, on each of the second, third and fourth anniversaries of the grant date, which was April 26, 2018; provided, that all shares subject to the option will vest and become exercisable if Mr. Langston's employment is terminated without "cause" or for "good reason" (each as defined in either Mr. Langston's 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 option, which represents the right to purchase a total of 120,000 shares, shall vest and become exercisable, subject to continued employment, on each of the second, third and fourth anniversaries of the grant date, which was April 26, 2018; provided, that all shares subject to the option will vest and become exercisable if Mr. Langston's employment is terminated without "cause" or for "good reason" (each as defined in either Mr. Langston's 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).