Michael Arntz - Nov 1, 2023 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
Chief Revenue Officer
Signature
/s/ Jolene Marshall as attorney-in-fact for Michael Arntz
Stock symbol
SMAR
Transactions as of
Nov 1, 2023
Transactions value $
-$467,151
Form type
4
Date filed
11/3/2023, 06:38 PM
Previous filing
Oct 12, 2023
Next filing
Nov 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise $17.1K +6.27K +90.8% $2.72* 13.2K Nov 1, 2023 Direct
transaction SMAR Class A Common Stock Sale -$287K -7.52K -57.09% $38.20 5.65K Nov 1, 2023 Direct F1, F2
transaction SMAR Class A Common Stock Sale -$195K -5.01K -88.63% $38.90 643 Nov 1, 2023 Direct F1, F3
transaction SMAR Class A Common Stock Options Exercise $144 +53 +8.24% $2.72* 696 Nov 3, 2023 Direct
transaction SMAR Class A Common Stock Sale -$2.12K -53 -7.61% $40.00 643 Nov 3, 2023 Direct F1

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 Stock Option (right to buy Class A Common Stock) Options Exercise $0 -6.27K -3.03% $0.00 201K Nov 1, 2023 Class A Common Stock 6.27K $2.72 Direct F4
transaction SMAR Stock Option (right to buy Class A Common Stock) Options Exercise $0 -53 -0.03% $0.00 200K Nov 3, 2023 Class A Common Stock 53 $2.72 Direct F4
* 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 The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on June 26, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.62 to $38.61 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.62 to $39.565 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The option is fully vested and exercisable.