Matt Zelen - 27 Oct 2022 Form 4 Insider Report for UserTesting, Inc. (USER)

Role: Chief Operating Officer
Signature: /s/ Mona Sabet as attorney-in-fact for Matt Zelen
Issuer symbol: USER
Transactions as of: 27 Oct 2022
Transactions value $: -$177,100
Form type: 4
Filing time: 31 Oct 2022, 18:51:56 UTC
Previous filing: 16 Nov 2021
Next filing: 17 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USER	Common Stock	Options Exercise	$29,150	+27,500	+11%	$1.06	30,000	27 Oct 2022	Direct	F1
transaction	USER	Common Stock	Sale	-$206,250	-27,500	-91.67%	$7.5	2,500	27 Oct 2022	Direct	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	USER	Employee Stock Option (Right to Buy)	Options Exercise	$0	-27,500	-3.67%	$0	722,500	27 Oct 2022	Common Stock	27,500	$1.06	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 2,500 shares of Common Stock acquired under the issuer's employee stock purchase plan on May 17, 2022.
F2	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3	The option vested as to 1/4th of the total shares December 2, 2020 and then 1/48th of the total shares vest monthly thereafter, subject to the Reporting Holder's continued service to the Issuer on each vesting date.