David Sides - 22 Sep 2023 Form 4 Insider Report for NEXTGEN HEALTHCARE, INC. (NXGN)

Role
President and CEO, Director
Signature
/s/ Jeffrey D. Linton, Attorney-in-Fact for David Sides
Issuer symbol
NXGN
Transactions as of
22 Sep 2023
Transactions value $
-$2,536,202
Form type
4
Filing time
25 Sep 2023, 18:05:58 UTC
Previous filing
01 Nov 2022
Next filing
01 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXGN Common Stock Options Exercise +24.3K +3.41% 738K 22 Sep 2023 Direct F1
transaction NXGN Common Stock Tax liability -$199K -8.42K -1.14% $23.65 730K 22 Sep 2023 Direct F2
transaction NXGN Common Stock Tax liability -$2.34M -98.8K -13.54% $23.65 631K 22 Sep 2023 Direct 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 NXGN Performance Stock Units Options Exercise $0 -24.3K -50% $0.00 24.3K 22 Sep 2023 Common Stock 24.3K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units convert to shares of NXGN common stock on a one-for-one basis once fully vested.
F2 Represents shares withheld to satisfy tax withholding obligations on the vesting of performance stock units.
F3 Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock.
F4 The reporting person was granted performance stock units that vest upon both the attainment of four separate pre-determined stock price milestones and continued service over a period of three years commencing September 22, 2021. 73,000 of these performance stock units were tied to a stock price milestone of $19.38, which was met in April 2022. As of September 22, 2023, 2/3 of the performance stock units tied to the $19.38 stock price milestone are fully vested. The remaining 24,333 performance stock units tied to the $19.38 stock price milestone will vest on September 22, 2024.