MARK PATRICK MADER - 25 Sep 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
25 Sep 2023
Net transactions value
-$779,606
Form type
4
Filing time
26 Sep 2023, 19:13:04 UTC
Previous filing
17 Aug 2023
Next filing
17 Nov 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 $50,621 +51,654 +9.4% $0.9800* 600,946 25 Sep 2023 Direct
transaction SMAR Class A Common Stock Sale $830,227 -21,120 -3.5% $39.31 579,826 25 Sep 2023 Direct F1, F2
holding SMAR Class A Common Stock 51,250 25 Sep 2023 By T49C Trust F3
holding SMAR Class A Common Stock 51,250 25 Sep 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 Stock Option (right to buy Class A Common Stock) Options Exercise $0 -51,654 -100% $0.000000* 0 25 Sep 2023 Class A Common Stock 51,654 $0.9800 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on June 27, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.29 to $39.36 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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 option is fully vested and exercisable.