Form 4: Smartsheet CFO Pete Godbole Reports Stock Transactions

Smartsheet's CFO, Pete Godbole, executed transactions involving Class A Common Stock and Restricted Stock Units (RSUs) on December 13, 2024.

Summary

• Pete Godbole, CFO and Treasurer of Smartsheet Inc., reported transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
• On December 13, 2024, Mr. Godbole acquired 2,402 shares of Class A Common Stock through the vesting of RSUs.
• Also on December 13, 2024, 1,218 shares of Class A Common Stock were withheld by Smartsheet to cover income tax obligations related to the RSU vesting.
• Following these transactions, Mr. Godbole directly owns 59,040 shares of Class A Common Stock.
• The RSUs vest quarterly, with 25% vesting on December 15, 2021, and 6.25% vesting each quarter thereafter, subject to continued service.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions related to compensation. It is neither particularly positive nor negative, but indicates continued service of the CFO.

Positives

• The vesting of RSUs indicates continued service and commitment from the CFO.
• The acquisition of shares through RSU vesting increases the CFO's direct ownership in the company.

Negatives

• The withholding of shares for tax obligations reduces the net gain from the RSU vesting.

Risks

• The value of the shares is subject to market fluctuations.
• Future vesting of RSUs is contingent on continued service.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders reporting transactions in their company's stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• This type of filing is standard practice for publicly traded companies in the US.
• Many companies use RSUs as part of their compensation packages for executives.
• The vesting schedule of 25% initially and then 6.25% quarterly is a common vesting structure.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine insider activity.
• The vesting of RSUs is a positive for the CFO as it is part of their compensation.

Key Dates

Keywords

Smartsheet, Pete Godbole, CFO, Restricted Stock Units, RSU, Class A Common Stock, Stock Transactions, Beneficial Ownership, SEC Form 4