Zelen Matt 4
4 · UserTesting, Inc. · Filed Nov 17, 2022
Insider Transaction Report
Form 4
Zelen Matt
Chief Operating Officer
Transactions
- Sale
Common Stock
2022-11-16$7.42/sh−10,068$74,752→ 26,182 total - Exercise/Conversion
Common Stock
2022-11-15+31,250→ 36,250 total - Exercise/Conversion
Restricted Stock Units
2022-11-15−31,250→ 93,750 total→ Common Stock (31,250 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the Issuer's Common Stock upon settlement for no consideration.
- [F2]Includes 2,500 shares of Common Stock acquired under the Issuer's employee stock purchase plan on November 14, 2022.
- [F3]The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
- [F4]The RSUs shall vest as to 25% of the total shares on November 15, 2022, with an additional 6.25% of the total shares vesting on each subsequent February 15, May 15, August 15, and November 15 thereafter until such time as the RSUs are 100% vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.