Ryan Moore Clement - 26 Feb 2025 Form 4 Insider Report for SelectQuote, Inc. (SLQT)

Signature
/s/ Daniel A. Boulware, Attorney-in-Fact
Issuer symbol
SLQT
Transactions as of
26 Feb 2025
Net transactions value
-$94,717
Form type
4
Filing time
04 Mar 2025, 21:25:26 UTC
Previous filing
30 Oct 2024
Next filing
05 Aug 2025

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 +19,634 +15% 149,113 26 Feb 2025 Direct F1
transaction SLQT Common Stock, par value $0.01 per share Tax liability $39,970 -8,708 -5.8% $4.59 140,405 26 Feb 2025 Direct F2
transaction SLQT Common Stock, par value $0.01 per share Options Exercise +20,833 +15% 161,238 28 Feb 2025 Direct F3
transaction SLQT Common Stock, par value $0.01 per share Tax liability $42,134 -9,240 -5.7% $4.56 151,998 28 Feb 2025 Direct F2
transaction SLQT Common Stock, par value $0.01 per share Options Exercise +6,235 +4.1% 158,233 01 Mar 2025 Direct F3
transaction SLQT Common Stock, par value $0.01 per share Tax liability $12,613 -2,766 -1.7% $4.56 155,467 01 Mar 2025 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 SLQT Price-Vested Restricted Stock Units Options Exercise -19,634 -17% 98,170 26 Feb 2025 Common Stock, par value $0.01 per share 19,634 Direct F1, F4, F5
transaction SLQT Restricted Stock Units Options Exercise -20,833 -50% 20,834 28 Feb 2025 Common Stock, par value $0.01 per share 20,833 Direct F3, F6, F7
transaction SLQT Restricted Stock Units Options Exercise -6,235 -50% 6,234 01 Mar 2025 Common Stock, par value $0.01 per share 6,235 Direct F3, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each price-vested restricted stock unit ("PVU") represents the contingent right to receive one share of common stock, par value $0.01 per share, of SelectQuote, Inc. (the "Company") upon the Company's common stock reaching certain predetermined average trading prices, subject to applicable vesting conditions.
F2 Represents shares surrendered to the issuer to satisfy withholding taxes owed upon the vesting of restricted stock units previously 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 common stock, par value $0.01 per share.
F4 Represents PVUs granted to the recipient pursuant to the Plan.
F5 The PVUs are eligible to vest in three ratable 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. 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 reaching each of $4.00, $7.50, $10.00, and $12.50 during the five-year performance period. The number of PVUs reported on this line reflects the portion of the total PVU award that vested upon the achievement of the $4.00 price hurdle on the transaction date.
F6 Represents time-based restricted stock units granted to the recipient pursuant to the Plan.
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.