Drayton Virkler - 31 Mar 2023 Form 4 Insider Report for Certara, Inc. (CERT)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
03 Apr 2023, 17:44:00 UTC
Prior SEC filing
06 Oct 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Richard M. Traynor as attorney-in-fact for Drayton Virkler

Key filing fact

Drayton Virkler filed Form 4 for Certara, Inc. (CERT) on 03 Apr 2023.

Key facts

  • This page summarizes Drayton Virkler's Form 4 filing for Certara, Inc. (CERT).
  • 4 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 03 Apr 2023, 17:44.

Change

  • Previous filing in this sequence was filed on 06 Oct 2022.
  • Current net transaction value: -$27,751.

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

Options Exercise

Transaction value
$0
Shares
+3,990
Change %
+42%
Price
$0.000000
Shares after
13,581
Date
31 Mar 2023
Ownership
Direct
Footnotes
F1
CERT transaction

Common Stock

Tax liability

Transaction value
$27,751
Shares
-1,166
Change %
-8.6%
Price
$23.80
Shares after
12,415
Date
31 Mar 2023
Ownership
Direct
Footnotes
F2

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
-3,990
Change %
-33%
Price
$0.000000
Shares after
7,982
Date
31 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,990
Exercise price
Footnotes
F1
CERT transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
+23,556
Change %
Price
$0.000000
Shares after
23,556
Date
01 Apr 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
23,556
Exercise price
Footnotes
F3
CERT holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
6,024
Date
31 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,024
Exercise price
Footnotes
F4
CERT holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
17,440
Date
31 Mar 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
17,440
Exercise price
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit ("RSU") was granted on April 1, 2022, under the Certara, Inc. 2020 Incentive Plan ("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 F2

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

Footnote F3

Each RSU was granted on April 1, 2023, under the 2020 Incentive Plan and represents a right to receive one share of common stock or the cash equivalent thereof. The RSUs will vest and settle in three equal installments on April 1, 2024, April 1, 2025, and April 1, 2026.

Footnote F4

Each RSU was granted on October 1, 2021, 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 October 1, 2022. The remaining two-thirds of the RSUs are scheduled to vest and settle in two equal installments on October 1, 2023, and October 1, 2024.

Footnote F5

Each RSU was granted on October 4, 2022, under the 2020 Incentive Plan and represents a right to receive one share of common stock or the cash equivalent thereof. The RSUs will vest and settle in three equal installments on October 4, 2023, October 4, 2024, and October 4, 2025.

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