JAMES E. HEPPELMANN - 15 Nov 2023 Form 4 Insider Report for PTC INC. (PTC)

Role: CEO, Director
Signature: /s/Catherine Gorecki by power of attorney filed 11/2/2007
Issuer symbol: PTC
Transactions as of: 15 Nov 2023
Transactions value $: -$16,379,993
Form type: 4
Filing time: 17 Nov 2023, 16:08:48 UTC
Previous filing: 09 Dec 2022
Next filing: 28 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTC	Common Stock	Options Exercise	$0	+233K	+26.77%	$0.00	1.1M	15 Nov 2023	Direct
transaction	PTC	Common Stock	Tax liability	-$16.4M	-106K	-9.6%	$154.68	997K	15 Nov 2023	Direct	F1

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	PTC	Restricted Stock Units	Award	$0	+141K		$0.00	141K	15 Nov 2023	Common Stock	141K		Direct	F2, F3, F11
transaction	PTC	Restricted Stock Units	Options Exercise	$0	-141K	-100%	$0.00^*	0	15 Nov 2023	Common Stock	141K		Direct	F2, F3, F11
transaction	PTC	Restricted Stock Units	Options Exercise	$0	-17.6K	-100%	$0.00^*	0	15 Nov 2023	Common Stock	17.6K		Direct	F2, F4, F11
transaction	PTC	Restricted Stock Units	Options Exercise	$0	-13.8K	-100%	$0.00^*	0	15 Nov 2023	Common Stock	13.8K		Direct	F2, F5, F11
transaction	PTC	Restricted Stock Units	Options Exercise	$0	-13.2K	-100%	$0.00^*	0	15 Nov 2023	Common Stock	13.2K		Direct	F2, F6, F11
transaction	PTC	Restricted Stock Units	Options Exercise	$0	-13.9K	-50%	$0.00	13.9K	15 Nov 2023	Common Stock	13.9K		Direct	F2, F7, F11
transaction	PTC	Restricted Stock Units	Options Exercise	$0	-10.9K	-61.09%	$0.00	6.97K	15 Nov 2023	Common Stock	10.9K		Direct	F2, F8, F11
transaction	PTC	Restricted Stock Units	Options Exercise	$0	-9.24K	-41.86%	$0.00	12.8K	15 Nov 2023	Common Stock	9.24K		Direct	F2, F9, F11
transaction	PTC	Restricted Stock Units	Options Exercise	$0	-12.8K	-33.33%	$0.00	25.7K	15 Nov 2023	Common Stock	12.8K		Direct	F2, F10, F11

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

Explanation of Responses:

Id	Content
F1	Tendered to Issuer to satisfy tax withholding obligations of the Reporting Person incurred in connection with the vesting of the Reporting Person's restricted stock unit awards.
F2	Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.
F3	Performance-based RSUs granted on September 24, 2020 that could be earned for FY23 that were earned and vested on November 15, 2023.
F4	RSUs granted on November 17, 2020 that vested on November 15, 2023.
F5	Performance based RSUs granted on November 17, 2020 that could be earned for FY23 that were earned and vested on November 15, 2023.
F6	Performance based RSUs granted on November 17, 2020 that could be earned for FY23 that were earned and vested on November 15, 2023.
F7	RSUs granted on November 17, 2021 that vest in three substantially equal installments on November 15, 2022, 2023 and 2024.
F8	Performance-based RSUs granted on November 17, 2021 that vest to the extent earned in November 2022, 2023 and 2024.
F9	Performance-based RSUs granted on November 16, 2022 that vest to the extent earned in November 2023, 2024 and 2025.
F10	RSUs granted on November 16, 2022 that vest in three substantially equal installments on November 15, 2023, 2024 and 2025.
F11	This amount represents the total number of derivative securities beneficially owned of the class shown.