Timothy Robert Danker - 01 Aug 2024 Form 4 Insider Report for SelectQuote, Inc. (SLQT)

Signature
/s/ Daniel A. Boulware, Attorney-in-Fact
Issuer symbol
SLQT
Transactions as of
01 Aug 2024
Net transactions value
-$612,712
Form type
4
Filing time
05 Aug 2024, 21:26:42 UTC
Previous filing
15 Sep 2023
Next filing
30 Oct 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 +7,394 +0.41% $0.000000 1,803,354 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +11,274 +0.63% $0.000000 1,814,628 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +110,193 +6.1% $0.000000 1,924,821 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +266,666 +14% $0.000000 2,191,487 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Options Exercise $0 +33,333 +1.5% $0.000000 2,224,820 01 Aug 2024 Direct
transaction SLQT Common Stock, par value $0.01 per share Tax liability $612,712 -152,796 -6.9% $4.01 2,072,024 01 Aug 2024 Direct F1
holding SLQT Common Stock, par value $0.01 per share 9,398 01 Aug 2024 By Mainstar Trust IRA

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 F2, F3, F4
transaction SLQT Restricted Stock Units Options Exercise $0 -11,274 -50% $0.000000 11,274 01 Aug 2024 Common Stock, par value $0.01 per share 11,274 Direct F2, F3, F4
transaction SLQT Restricted Stock Units Options Exercise $0 -110,193 -50% $0.000000 110,193 01 Aug 2024 Common Stock, par value $0.01 per share 110,193 Direct F2, F3, F5
transaction SLQT Restricted Stock Units Options Exercise $0 -266,666 -33% $0.000000 533,334 01 Aug 2024 Common Stock, par value $0.01 per share 266,666 Direct F2, F3, F6
transaction SLQT Price-Vested Restricted Stock Units Options Exercise $0 -33,333 -8.3% $0.000000 366,667 01 Aug 2024 Common Stock, par value $0.01 per share 33,333 Direct F7, F8, F9
* 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 Represents restricted stock units of SelectQuote, Inc. (the "Company") granted to the recipient pursuant to the Company's 2020 Omnibus Incentive Plan (the "Plan").
F3 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share.
F4 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.
F5 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.
F6 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.
F7 Represents price-vested restricted stock units of the Company ("PVUs") granted to the recipient pursuant to the Plan.
F8 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.
F9 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.