Eric Shander - Jun 27, 2024 Form 4 Insider Report for POWERSCHOOL HOLDINGS, INC. (PWSC)

Signature
/s/ Eric Shander
Stock symbol
PWSC
Transactions as of
Jun 27, 2024
Transactions value $
-$219,105
Form type
4
Date filed
6/28/2024, 06:06 PM
Previous filing
Jun 21, 2024
Next filing
Jul 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PWSC Class A Common Stock Sale -$171K -7.65K -1.52% $22.35 496K Jun 27, 2024 Direct F1
transaction PWSC Class A Common Stock Sale -$48.1K -2.14K -0.43% $22.50 494K Jun 27, 2024 Direct 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 03/25/2022 and 03/27/2023. This sale does not represent a discretionary transaction by the Reporting Person.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.