Marcy Daniel - Jun 20, 2023 Form 4/A - Amendment Insider Report for POWERSCHOOL HOLDINGS, INC. (PWSC)

Role: Chief Product Officer
Signature: /s/ Eric Shander, by Power of Attorney
Stock symbol: PWSC
Transactions as of: Jun 20, 2023
Transactions value $: -$40,463
Form type: 4/A - Amendment
Date filed: 9/1/2023, 06:13 PM
Date Of Original Report: Jun 21, 2023
Previous filing: Apr 3, 2023
Next filing: Sep 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PWSC	Class A Common Stock	Sale	-$40.5K	-2.15K	-0.71%	$18.82	302K	Jun 20, 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	On June 21 2023, the Reporting Person filed a Form 4 which inadvertently misstated the number of shares held by the Reporting Person following the sale of 2,150 shares to fulfill withholding tax obligations upon vesting. The number of shares reported in Column 5 of this Form 4/A reflects the corrected amount of securities beneficially owned by the Reporting Person following such sale on June 20, 2023.

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.

On June 21 2023, the Reporting Person filed a Form 4 which inadvertently misstated the number of shares held by the Reporting Person following the sale of 2,150 shares to fulfill withholding tax obligations upon vesting. The number of shares reported in Column 5 of this Form 4/A reflects the corrected amount of securities beneficially owned by the Reporting Person following such sale on June 20, 2023.