Stephen Branstetter - May 15, 2023 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
Chief Operating Officer
Signature
/s/ Jolene Marshall as attorney-in-fact for Stephen Branstetter
Stock symbol
SMAR
Transactions as of
May 15, 2023
Transactions value $
-$32,641
Form type
4
Date filed
5/17/2023, 05:20 PM
Previous filing
Feb 17, 2023
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAR Class A Common Stock Options Exercise +1.39K +3.36% 42.9K May 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +619 +1.44% 43.5K May 15, 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +961 +2.21% 44.4K May 15, 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability -$32.6K -726 -1.63% $44.96 43.7K May 15, 2023 Direct F2

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 -1.39K -24.99% $0.00 4.18K May 15, 2023 Class A Common Stock 1.39K Direct F1, F3
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -619 -12.49% $0.00 4.34K May 15, 2023 Class A Common Stock 619 Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -961 -9.09% $0.00 9.61K May 15, 2023 Class A Common Stock 961 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 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.
F4 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.
F5 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 serviced through each vesting date.