Jolene Lau Marshall - 15 May 2023 Form 4 Insider Report for SMARTSHEET INC

Role
Chief Legal Officer
Signature
/s/ Jolene Marshall
Issuer symbol
N/A
Transactions as of
15 May 2023
Net transactions value
-$77,143
Form type
4
Filing time
17 May 2023, 17:14:57 UTC
Previous filing
28 Mar 2023
Next filing
17 Aug 2023
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 +715 +13% 6,250 15 May 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +464 +7.4% 6,714 15 May 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +1,602 +24% 8,316 15 May 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability $30,573 -680 -8.2% $44.96 7,636 15 May 2023 Direct F2
transaction SMAR Class A Common Stock Sale $46,570 -1,051 -14% $44.31 6,585 16 May 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 -715 -25% $0.000000 2,146 15 May 2023 Class A Common Stock 715 Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -464 -12% $0.000000 3,254 15 May 2023 Class A Common Stock 464 Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1,602 -9.1% $0.000000 16,022 15 May 2023 Class A Common Stock 1,602 Direct F1, F6
* 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 July 6, 2022 and amended on October 4, 2022.
F4 The RSUs vested as to 25% of the total shares on February 15, 2021, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.
F5 The RSUs vested as to 25% of the total shares on February 15, 2022, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.
F6 The RSUs vested as to 25% of the total shares on November 15, 2022, and then 6.25% of the total shares vest quarterly thereafter, subject to continued service through each vesting date.