Robert Clay Grant - Aug 1, 2024 Form 4 Insider Report for SelectQuote, Inc. (SLQT)

Role
PRESIDENT
Signature
/s/ Daniel A. Boulware, Attorney-in-Fact
Stock symbol
SLQT
Transactions as of
Aug 1, 2024
Transactions value $
-$581,482
Form type
4
Date filed
8/5/2024, 09:26 PM
Previous filing
Sep 18, 2023
Next filing
Oct 30, 2024

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 +7.39K +0.45% $0.00 1.67M Aug 1, 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +10.8K +0.65% $0.00 1.68M Aug 1, 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +106K +6.29% $0.00 1.78M Aug 1, 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +256K +14.32% $0.00 2.04M Aug 1, 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +31.9K +1.57% $0.00 2.07M Aug 1, 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Tax liability -$581K -145K -7% $4.01 1.93M Aug 1, 2024 Direct F1
holding SLQT Common Stock, par value $0.01 per share 1.24M Aug 1, 2024 By Self as Trustee for the Robert Clay Grant Irrevocable Trust
holding SLQT Common Stock, par value $0.01 per share 61.4K Aug 1, 2024 By G. Grant Irrevocable Trust F2
holding SLQT Common Stock, par value $0.01 per share 61.4K Aug 1, 2024 By A. Grant Irrevocable Trust F2
holding SLQT Common Stock, par value $0.01 per share 61.4K Aug 1, 2024 By R. Grant Irrevocable Trust F2
holding SLQT Common Stock, par value $0.01 per share 1.09M Aug 1, 2024 By Haakon Capital, LLC F3

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 -7.39K -100% $0.00* 0 Aug 1, 2024 Common Stock, par value $0.01 per share 7.39K Direct F4, F5, F6
transaction SLQT Restricted Stock Units Options Exercise $0 -10.8K -50% $0.00 10.8K Aug 1, 2024 Common Stock, par value $0.01 per share 10.8K Direct F4, F5, F6
transaction SLQT Restricted Stock Units Options Exercise $0 -106K -50% $0.00 106K Aug 1, 2024 Common Stock, par value $0.01 per share 106K Direct F4, F5, F7
transaction SLQT Restricted Stock Units Options Exercise $0 -256K -33.33% $0.00 511K Aug 1, 2024 Common Stock, par value $0.01 per share 256K Direct F4, F5, F8
transaction SLQT Price-Vested Restricted Stock Units Options Exercise $0 -31.9K -8.33% $0.00 351K Aug 1, 2024 Common Stock, par value $0.01 per share 31.9K Direct F9, F10, F11
* 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 Shares held indirectly by Mr. Grant in his capacity as Trustee of a trust for the benefit of one of his minor children.
F3 Beneficially owned by Mr. Grant through Haakon Capital, LLC, an investment company in which he has 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.
F4 Represents restricted stock units of SelectQuote, Inc. (the "Company") granted to the recipient pursuant to the Company's 2020 Omnibus Incentive Plan (the "Plan").
F5 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share.
F6 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.
F7 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.
F8 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.
F9 Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan.
F10 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.
F11 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.