Pete Godbole - 15 Dec 2023 Form 4 Insider Report for SMARTSHEET INC

Role
CFO & Treasurer
Signature
/s/ Jolene Marshall as attorney-in-fact for Pete Godbole
Issuer symbol
N/A
Transactions as of
15 Dec 2023
Net transactions value
-$292,918
Form type
4
Filing time
19 Dec 2023, 19:21:42 UTC
Previous filing
14 Dec 2023
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +2,401 +4.8% 52,251 15 Dec 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability $55,465 -1,191 -2.3% $46.57 51,060 15 Dec 2023 Direct F2
transaction SMAR Class A Common Stock Sale $180,619 -3,996 -7.8% $45.20 47,064 15 Dec 2023 Direct F3
transaction SMAR Class A Common Stock Sale $56,834 -1,210 -2.6% $46.97 45,854 18 Dec 2023 Direct 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 SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -2,401 -20% $0.000000 9,604 15 Dec 2023 Class A Common Stock 2,401 Direct F1, 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 Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F2 Represents the number of shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale by the reporting person.
F3 The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on September 12, 2023.
F4 The RSUs vested as to 25% of the total shares on December 15, 2021, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.