Form 4: Smartsheet Director, Geoffrey T. Barker, Reports Share Transactions

Geoffrey T. Barker, a director at Smartsheet Inc., reported a donation of 27,000 Class A common shares and indirect ownership of 25,000 shares through the Peregrine Foundation.

Summary

• Geoffrey T. Barker, a director of Smartsheet Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock.
• On December 12, 2024, Mr. Barker donated 27,000 shares of Class A Common Stock.
• The donation was a gift, and the shares were valued at $0 for the transaction.
• Following the transaction, Mr. Barker directly owns 365,021 shares of Class A Common Stock.
• Mr. Barker also indirectly owns 25,000 shares of Class A Common Stock through the Peregrine Foundation.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard transactions. There is no positive or negative sentiment associated with the information.

Industry Context

This is a routine filing for a director's share transactions and is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies like Smartsheet.
• The reporting of share donations is consistent with SEC regulations for transparency in insider transactions.
• Other directors and officers of similar SaaS companies such as Atlassian, Salesforce, and Adobe would also be required to file similar forms for their transactions.

Stakeholder Impact

• The share donation has a minimal impact on shareholders as it is a transfer of ownership rather than a change in the total number of shares outstanding.
• The transaction is a routine disclosure and does not indicate any change in the company's operations or financial health.

Key Dates

Keywords

Form 4, Beneficial Ownership, Smartsheet, Director, Share Donation, Class A Common Stock, Peregrine Foundation, Geoffrey T. Barker