MARK PATRICK MADER - 11 Dec 2024 Form 4 Insider Report for SMARTSHEET INC

Role: President and CEO, Director
Signature: /s/ Jolene Marshall as attorney-in-fact for Mark Mader
Issuer symbol: N/A
Transactions as of: 11 Dec 2024
Net transactions value: -$1,142,628
Form type: 4
Filing time: 13 Dec 2024, 18:02:23 UTC
Previous filing: 19 Nov 2024
Next filing: 17 Dec 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		+51,879	+8.5%		662,521	11 Dec 2024	Direct	F1
transaction	SMAR	Class A Common Stock	Tax liability	$1,142,628	-20,415	-3.1%	$55.97	642,106	11 Dec 2024	Direct	F2
transaction	SMAR	Class A Common Stock	Gift	$0	-12,750	-2%	$0.000000	629,356	12 Dec 2024	Direct	F3
holding	SMAR	Class A Common Stock						51,250	11 Dec 2024	By T49C Trust	F4
holding	SMAR	Class A Common Stock						40,000	11 Dec 2024	By L38 Trust	F4

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	Performance Stock Unit (PSU) (Class A)	Award	$0	+103,758		$0.000000	103,758	11 Dec 2024	Class A Common Stock	103,758		Direct	F1, F5, F6
transaction	SMAR	Performance Stock Unit (PSU) (Class A)	Options Exercise	$0	-51,879	-50%	$0.000000	51,879	11 Dec 2024	Class A Common Stock	51,879		Direct	F1, F6

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

Explanation of Responses:

Id	Content
F1	Each PSU 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 PSUs and does not represent a sale by the reporting person.
F3	Represents shares of the issuer's Class A Common Stock that the reporting person donated as a gift.
F4	These securities are held of record by Douglas Porter, Trustee of the T49C Trust and L38 Trust, trusts for the benefit of the reporting person's child. The reporting person disclaims beneficial ownership over such securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5	The reporting person earned 103,758 PSUs upon the achievement of certain performance criteria as certified by the Compensation Committee of the issuer's Board of Directors ("Compensation Committee") on December 11, 2024.
F6	The PSUs vested as to 50% upon certification by the Compensation Committee, and then 12.5% of the total PSUs shall vest quarterly thereafter, subject to continued service through each vesting date.