MARK PATRICK MADER - 15 May 2023 Form 4 Insider Report for SMARTSHEET INC

Role: President and CEO, Director
Signature: /s/ Jolene Marshall as attorney-in-fact for Mark Mader
Issuer symbol: N/A
Transactions as of: 15 May 2023
Net transactions value: -$254,024
Form type: 4
Filing time: 17 May 2023, 17:16:26 UTC
Previous filing: 27 Apr 2023
Next filing: 19 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMAR	Class A Common Stock	Options Exercise		+5,530	+1.1%		532,063	15 May 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+4,436	+0.83%		536,499	15 May 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+4,486	+0.84%		540,985	15 May 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Tax liability	$254,024	-5,650	-1%	$44.96	535,335	15 May 2023	Direct	F2
holding	SMAR	Class A Common Stock						51,250	15 May 2023	By T49C Trust	F3
holding	SMAR	Class A Common Stock						51,250	15 May 2023	By T77A Trust	F3

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	-5,530	-25%	$0.000000	16,592	15 May 2023	Class A Common Stock	5,530		Direct	F1, F4
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-4,336	-12%	$0.000000	30,357	15 May 2023	Class A Common Stock	4,336		Direct	F1, F5
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-4,486	-9.1%	$0.000000	44,860	15 May 2023	Class A Common Stock	4,486		Direct	F1, F6

* 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	These securities are held of record by Douglas Porter, Trustee of each of the T77A Trust and the T49C Trust, trusts for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership over such securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F4	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.
F5	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.
F6	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 service through each vesting date.