Chris Spurio - Aug 10, 2022 Form 4 Insider Report for CBIZ, Inc. (CBZ)

Role: President, Financial Services
Signature: Michael W. Gleespen, attorney-in-fact for Chris Spurio
Stock symbol: CBZ
Transactions as of: Aug 10, 2022
Transactions value $: -$392,745
Form type: 4
Date filed: 8/11/2022, 04:03 PM
Previous filing: Aug 5, 2022
Next filing: Feb 10, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBZ	Common Stock	Options Exercise	$206K	+13.2K	+8.08%	$15.55	177K	Aug 10, 2022	Direct	F1
transaction	CBZ	Common Stock	Sale	-$598K	-13.2K	-7.48%	$45.25	164K	Aug 10, 2022	Direct	F1, 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	CBZ	Employee Stock Option	Options Exercise	$0	-13.2K	-100%	$0.00^*	0	Aug 10, 2022	Common Stock	13.2K	$15.55	Direct	F3
holding	CBZ	Employee Stock Option						75K	Aug 10, 2022	Common Stock	75K	$19.45	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Exercise and sale of Employee Stock Options granted 05-10-2017 at $15.55 exercise price, expiring 05-10-2023.
F2	Weighted average sale price of price range between $45.01 and $45.74. Will provide upon request number of shares sold at each separate price.
F3	Consists of Options granted 5/10/2017 vesting in 25% increments each year beginning 05/10/2018 and expiring on 05/10/2023.
F4	Consists of Options granted 05/09/2018 vesting in 25% increments each year beginning 05/09/2019 and expiring on 05/09/2024.