William Thomas Grant III - 01 Aug 2024 Form 4 Insider Report for SelectQuote, Inc. (SLQT)

Role
CHIEF OPERATING OFFICER
Signature
/s/ Daniel A. Boulware, Attorney-in-Fact
Issuer symbol
SLQT
Transactions as of
01 Aug 2024
Net transactions value
-$502,096
Form type
4
Filing time
05 Aug 2024, 21:25:38 UTC
Previous filing
18 Sep 2023
Next filing
30 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +7,394 +0.39% $0.000000 1,921,245 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +9,395 +0.49% $0.000000 1,930,640 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +91,827 +4.8% $0.000000 2,022,467 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +222,222 +11% $0.000000 2,244,689 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +27,778 +1.2% $0.000000 2,272,467 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Tax liability $502,096 -125,211 -5.5% $4.01 2,147,256 01 Aug 2024 Direct F1
holding SLQT Common Stock, par value $0.01 per share 10,681 01 Aug 2024 By Mainstar Trust IRA
holding SLQT Common Stock, par value $0.01 per share 1,150,000 01 Aug 2024 By Self as Trustee for the William Thomas Grant III Irrevocable Trust
holding SLQT Common Stock, par value $0.01 per share 1,089,369 01 Aug 2024 By Haakon Capital, LLC 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 SLQT Restricted Stock Units Options Exercise $0 -7,394 -100% $0.000000* 0 01 Aug 2024 Common Stock, par value $0.01 per share 7,394 Direct F3, F4, F5
transaction SLQT Restricted Stock Units Options Exercise $0 -9,395 -50% $0.000000 9,395 01 Aug 2024 Common Stock, par value $0.01 per share 9,395 Direct F3, F4, F5
transaction SLQT Restricted Stock Units Options Exercise $0 -91,827 -50% $0.000000 91,828 01 Aug 2024 Common Stock, par value $0.01 per share 91,827 Direct F3, F4, F6
transaction SLQT Restricted Stock Units Options Exercise $0 -222,222 -33% $0.000000 444,445 01 Aug 2024 Common Stock, par value $0.01 per share 222,222 Direct F3, F4, F7
transaction SLQT Price-Vested Restricted Stock Units Options Exercise $0 -27,778 -8.3% $0.000000 305,555 01 Aug 2024 Common Stock, par value $0.01 per share 27,778 Direct F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares surrendered to the issuer to satisfy withholding taxes owed upon the vesting of price-vested units and time-based restricted stock units previously granted to the recipient.
F2 Beneficially owned by Mr. Grant through Haakon Capital, LLC, an investment company in which he owns a one-third ownership stake. Mr. Grant disclaims beneficial ownership of the shares held by Haakon Capital, LLC, except to the extent of his pecuniary interest therein.
F3 Represents restricted stock units of SelectQuote, Inc. (the "Company") granted to the recipient pursuant to the Company's 2020 Omnibus Incentive Plan (the "Plan").
F4 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share.
F5 The restricted stock units vest ratably in four annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date.
F6 The restricted stock units vest ratably in three annual installments commencing on the one-year anniversary of the grant date, subject to the recipient's continued employment with the Company through the applicable vesting date.
F7 The restricted stock units vest ratably in three annual installments commencing on August 1, 2024, subject to the recipient's continued employment with the Company through the applicable vesting date.
F8 Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan.
F9 Each PVU represents the contingent right to receive one share of the Company's common stock, par value $0.01 per share, upon the Company's common stock reaching certain predetermined average trading prices, subject to applicable vesting conditions.
F10 The PVUs are eligible to vest in three ratable annual installments commencing on August 1, 2024, subject to the recipient's continued employment with the Company through the applicable vesting date. Subject to this vesting schedule, one-fourth of the total number of PVUs granted will vest, if at all, upon the 60-day average closing price of the Company's common stock exceeding each of $2.50, $5.00, $7.50, and $10.00 during the five-year performance period.