Michael Arntz - 15 May 2023 Form 4 Insider Report for SMARTSHEET INC

Role: Chief Revenue Officer
Signature: /s/ Jolene Marshall as attorney-in-fact for Michael Arntz
Issuer symbol: N/A
Transactions as of: 15 May 2023
Net transactions value: -$61,685
Form type: 4
Filing time: 17 May 2023, 17:17:35 UTC
Previous filing: 04 Apr 2023
Next filing: 17 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMAR	Class A Common Stock	Options Exercise		+2,788	+26%		13,310	15 May 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+1,239	+9.3%		14,549	15 May 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+1,602	+11%		16,151	15 May 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Tax liability	$61,685	-1,372	-8.5%	$44.96	14,779	15 May 2023	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	-2,788	-25%	$0.000000	8,366	15 May 2023	Class A Common Stock	2,788		Direct	F1, F3
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-1,239	-12%	$0.000000	8,673	15 May 2023	Class A Common Stock	1,239		Direct	F1, F4
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-1,602	-9.1%	$0.000000	16,022	15 May 2023	Class A Common Stock	1,602		Direct	F1, F5

* 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, 2021, 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, 2022, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.
F5	The RSUs vested as to 25% of the total shares on November 15, 2022, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.