Stephen Branstetter - 15 Nov 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 Nov 2023
Net transactions value: -$265,923
Form type: 4
Filing time: 17 Nov 2023, 18:27:44 UTC
Previous filing: 17 Aug 2023
Next filing: 14 Dec 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		+1,395	+3%		47,361	15 Nov 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+619	+1.3%		47,980	15 Nov 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+962	+2%		48,942	15 Nov 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Options Exercise		+17,164	+35%		66,106	15 Nov 2023	Direct	F1
transaction	SMAR	Class A Common Stock	Tax liability	$265,923	-6,333	-9.6%	$41.99	59,773	15 Nov 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	-1,395	-50%	$0.000000	1,395	15 Nov 2023	Class A Common Stock	1,395		Direct	F1, F3
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-619	-17%	$0.000000	3,098	15 Nov 2023	Class A Common Stock	619		Direct	F1, F4
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-962	-11%	$0.000000	7,690	15 Nov 2023	Class A Common Stock	962		Direct	F1, F5
transaction	SMAR	Restricted Stock Units (RSU) (Class A)	Options Exercise	$0	-17,164	-33%	$0.000000	34,329	15 Nov 2023	Class A Common Stock	17,164		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	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 service through each vesting date.
F6	The RSUs vest as to 33.3% of the total shares on November 15, 2023, and then 8.33% of the total shares shall vest quarterly thereafter, subject to continued service through each vesting date.