Stephen Robert Branstetter - 12 Dec 2023 Form 4 Insider Report for SMARTSHEET INC

Reporting relationship: Chief Operating Officer
Issuer ticker: N/A
Reported as of: 12 Dec 2023
Net transaction value: -$148,598
SEC form: 4
Accepted by SEC: 14 Dec 2023, 18:44:32 UTC
Prior SEC filing: 17 Nov 2023
Next SEC filing: 20 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Jolene Marshall as attorney-in-fact for Stephen Branstetter

Key filing fact

Stephen Robert Branstetter filed Form 4 for SMARTSHEET INC on 14 Dec 2023.

Key facts

This page summarizes Stephen Robert Branstetter's Form 4 filing for SMARTSHEET INC.
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 14 Dec 2023, 18:44.

Change

Previous filing in this sequence was filed on 17 Nov 2023.
Current net transaction value: -$148,598.

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.

SMAR transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +8,582
Change %: +14%
Price
Shares after: 68,355
Date: 12 Dec 2023
Ownership: Direct
Footnotes: F1

SMAR transaction

Class A Common Stock

Tax liability

Transaction value: $148,598
Shares: -3,378
Change %: -4.9%
Price: $43.99
Shares after: 64,977
Date: 13 Dec 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

SMAR transaction Derivative

Restricted Stock Units (RSU) (Class A)

Award

Transaction value: $0
Shares: +25,934
Change %
Price: $0.000000
Shares after: 25,934
Date: 12 Dec 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 25,934
Exercise price
Footnotes: F3, F4

SMAR transaction Derivative

Performance Stock Unit (PSU) (Class A)

Award

Transaction value: $0
Shares: +8,582
Change %
Price: $0.000000
Shares after: 8,582
Date: 12 Dec 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 8,582
Exercise price
Footnotes: F1, F5, F6

SMAR transaction Derivative

Performance Stock Unit (PSU) (Class A)

Options Exercise

Transaction value: $0
Shares: -8,582
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 12 Dec 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 8,582
Exercise price
Footnotes: F1, F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each PSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.

Footnote 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 PSUs and does not represent a sale by the reporting person.

Footnote F3

Each RSU represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.

Footnote F4

The RSUs vest as to 33.3% of the total shares on November 15, 2024, and then 8.33% of the total shares shall vest quarterly thereafter, subject to continued service through each vesting date.

Footnote F5

The reporting person earned 8,582 PSUs upon the achievement of certain performance criteria as certified by the Compensation Committee of the issuer's Board of Directors ("Compensation Committee") on December 12, 2023.

Footnote F6

The PSUs became fully vested upon certification by the Compensation Committee.