Angelina Hendraka - 27 Mar 2023 Form 4 Insider Report for POWERSCHOOL HOLDINGS, INC.

Signature
/s/ Eric Shander, by Power of Attorney for Angelina Hendraka
Issuer symbol
N/A
Transactions as of
27 Mar 2023
Net transactions value
-$81,115
Form type
4
Filing time
29 Mar 2023, 20:56:39 UTC
Previous filing
27 Mar 2023
Next filing
30 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PWSC Class A Common Stock Sale $27,030 -1,406 -0.99% $19.23 140,806 27 Mar 2023 Direct F1, F2
transaction PWSC Class A Common Stock Sale $27,038 -1,413 -1% $19.13 139,393 28 Mar 2023 Direct F1, F3
transaction PWSC Class A Common Stock Sale $27,047 -1,396 -1% $19.37 137,997 29 Mar 2023 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 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 March 23, 2022. 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 $18.91 to $19.36. 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.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.945 to $19.36. 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.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.12 to $19.48. 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.