Mark S. Colby - Aug 19, 2021 Form 4 Insider Report for Goosehead Insurance, Inc. (GSHD)

Role: CFO
Signature: /s/ P. Ryan Langston, as Attorney-in-Fact for Mark S. Colby
Stock symbol: GSHD
Transactions as of: Aug 19, 2021
Transactions value $: -$197,687
Form type: 4
Date filed: 8/23/2021, 06:58 PM
Previous filing: Jul 29, 2021
Next filing: Sep 23, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GSHD	Class A Common Stock	Options Exercise	$14.1K	+1.41K		$10.00^*	1.41K	Aug 19, 2021	Direct
transaction	GSHD	Class A Common Stock	Sale	-$198K	-1.41K	-100%	$140.09	0	Aug 19, 2021	Direct	F1
transaction	GSHD	Class A Common Stock	Options Exercise	$0	0	0%	$10.00^*	100	Aug 20, 2021	Direct
transaction	GSHD	Class A Common Stock	Sale	-$14K	-100	-100%	$140.00	0	Aug 19, 2021	Direct

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	GSHD	Employee Stock Options (right to buy)	Options Exercise	$0	-1.41K	-2.35%	$0.00	58.6K	Aug 19, 2021	Class A Stock	1.41K	$10.00	Direct	F2
transaction	GSHD	Employee Stock Options (right to buy)	Options Exercise	$0	-100	-0.17%	$0.00	58.5K	Aug 20, 2021	Class A Stock	100	$10.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.00 to $140.41, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F2	One third (1/3rd) of the shares subject to the option shall vest and become exercisable, subject to continued employment, on each of the second, third and fourth anniversaries of the grant date; provided, that all shares subject to the option will vest and become exercisable if Mr. Colby's employment is terminated without "cause" or for "good reason" (each as defined in either Mr. Colby's option award agreement or the issuer's omnibus incentive plan) within six month following a "change in control" (as defined in the issuer's omnibus incentive plan).

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.00 to $140.41, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

One third (1/3rd) of the shares subject to the option shall vest and become exercisable, subject to continued employment, on each of the second, third and fourth anniversaries of the grant date; provided, that all shares subject to the option will vest and become exercisable if Mr. Colby's employment is terminated without "cause" or for "good reason" (each as defined in either Mr. Colby's option award agreement or the issuer's omnibus incentive plan) within six month following a "change in control" (as defined in the issuer's omnibus incentive plan).

Remarks:

The sales reported were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person.