Stephen Branstetter - 15 Feb 2024 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 Feb 2024
Net transactions value
-$87,066
Form type
4
Filing time
20 Feb 2024, 18:59:07 UTC
Previous filing
14 Dec 2023
Next filing
29 Mar 2024
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 +2.1% 66,372 15 Feb 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +620 +0.93% 66,992 15 Feb 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +961 +1.4% 67,953 15 Feb 2024 Direct F1
transaction SMAR Class A Common Stock Options Exercise +4,291 +6.3% 72,244 15 Feb 2024 Direct F1
transaction SMAR Class A Common Stock Tax liability $87,066 -1,906 -2.6% $45.68 70,338 15 Feb 2024 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 -100% $0.000000* 0 15 Feb 2024 Class A Common Stock 1,395 Direct F1, F3
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -620 -20% $0.000000 2,478 15 Feb 2024 Class A Common Stock 620 Direct F1, F4
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -961 -12% $0.000000 6,729 15 Feb 2024 Class A Common Stock 961 Direct F1, F5
transaction SMAR Restricted Stock Units (RSU) (Class A) Options Exercise $0 -4,291 -12% $0.000000 30,038 15 Feb 2024 Class A Common Stock 4,291 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 vested 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.