Stephen Branstetter - 15 Aug 2023 Form 4 Insider Report for SMARTSHEET INC (SMAR)

Role
Chief Operating Officer
Signature
/s/ Jolene Marshall as attorney-in-fact for Stephen Branstetter
Issuer symbol
SMAR
Transactions as of
15 Aug 2023
Net transactions value
-$28,996
Form type
4
Filing time
17 Aug 2023, 18:19:02 UTC
Previous filing
17 May 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 +1,394 +3.2% 45,111 15 Aug 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +620 +1.4% 45,731 15 Aug 2023 Direct F1
transaction SMAR Class A Common Stock Options Exercise +961 +2.1% 46,692 15 Aug 2023 Direct F1
transaction SMAR Class A Common Stock Tax liability $28,996 -726 -1.6% $39.94 45,966 15 Aug 2023 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 SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -1,394 -33% $0.000000 2,790 15 Aug 2023 Class A Common Stock 1,394 Direct F1, F3
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -620 -14% $0.000000 3,717 15 Aug 2023 Class A Common Stock 620 Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -961 -10% $0.000000 8,652 15 Aug 2023 Class A Common Stock 961 Direct F1, F5
* 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 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.
F4 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.
F5 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 serviced through each vesting date.