Eric Shander - Mar 17, 2023 Form 4 Insider Report for POWERSCHOOL HOLDINGS, INC. (PWSC)

Role: President, CFO
Signature: /s/ Eric Shander
Stock symbol: PWSC
Transactions as of: Mar 17, 2023
Transactions value $: -$92,703
Form type: 4
Date filed: 3/22/2023, 08:39 PM
Previous filing: Dec 19, 2022
Next filing: Mar 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PWSC	Class A Common Stock	Sale	-$92.7K	-4.98K	-0.99%	$18.63	496K	Mar 17, 2023	Direct	F1, F2

* 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	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of a portion of the restricted stock units granted on September 15, 2021. This sale does not represent a discretionary transaction by the Reporting Person.
F2	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.45 to $19.03. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

Content

The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of a portion of the restricted stock units granted on September 15, 2021. This sale does not represent a discretionary transaction by the Reporting Person.

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.45 to $19.03. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.