Michael Andrew Schemick - 31 Mar 2023 Form 4 Insider Report for Certara, Inc. (CERT)

Reporting relationship: CHIEF FINANCIAL OFFICER
Issuer ticker: CERT
Reported as of: 31 Mar 2023
Net transaction value: -$196,993
SEC form: 4
Accepted by SEC: 03 Apr 2023, 16:40:49 UTC
Prior SEC filing: 18 Aug 2022
Source filing: View source filing
Reporting owner signature: /s/ Richard M. Traynor as attorney-in-fact for Michael Andrew Schemick

Filing notes and source

Key filing fact

Michael Andrew Schemick filed Form 4 for Certara, Inc. (CERT) on 03 Apr 2023.

Key facts

This page summarizes Michael Andrew Schemick's Form 4 filing for Certara, Inc. (CERT).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Apr 2023, 16:40.

Change

Previous filing in this sequence was filed on 18 Aug 2022.
Current net transaction value: -$196,993.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CERT transaction

Common Stock

Tax liability

Transaction value: $88,560
Shares: -3,721
Change %: -0.72%
Price: $23.80
Shares after: 514,149
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F2

CERT transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +13,302
Change %: +2.6%
Price: $0.000000
Shares after: 527,451
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F2, F3

CERT transaction

Common Stock

Tax liability

Transaction value: $108,433
Shares: -4,556
Change %: -0.86%
Price: $23.80
Shares after: 522,895
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F2, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CERT transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -13,302
Change %: -33%
Price: $0.000000
Shares after: 26,604
Date: 31 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,302
Exercise price
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Michael Andrew Schemick is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Represents restricted stock units ("RSUs") withheld to satisfy the tax withholding obligations in connection with the vesting and settlement of RSUs, exempt under Rule 16b-3. Each RSUs was granted on April 1, 2021, under the Certara, Inc. 2020 Incentive Plan (the "2020 Incentive Plan") and represents a right to receive one share of common stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on April 1, 2022. One-third of the RSUs vested and were on March 31, 2023. The remaining one-third of the RSUs are scheduled to vest and settle on April 1, 2024.

Footnote F2

The total reported in Column 5 includes 11,600 RSUs which was previously reported in Table 1 of Form 4.

Footnote F3

Each RSU was granted on April 1, 2022, under the 2020 Incentive Plan and represents a right to receive one share of common stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 31, 2023. The remaining two-thirds of the RSUs are scheduled to vest and settle in two equal installments on April 1, 2024, and April 1, 2025.

Footnote F4

Represents RSUs withheld to satisfy the tax withholding obligations in connection with the vesting and settlement of RSUs, exempt under Rule 16b-3.

SEC remarks

Reflects the vesting of restricted stock units of the reporting person prior to stepping down from the role of CFO.