Zelen Matt 4
4 · UserTesting, Inc. · Filed Dec 23, 2022
Insider Transaction Report
Form 4
Zelen Matt
Chief Operating Officer
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2022-12-22−13,750→ 708,750 totalExercise: $1.06Exp: 2029-12-23→ Common Stock (13,750 underlying) - Exercise/Conversion
Common Stock
2022-12-22$1.06/sh+13,750$14,575→ 39,932 total - Sale
Common Stock
2022-12-22$7.50/sh−19,046$142,858→ 20,886 total
Footnotes (3)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.505 per share, 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.
- [F3]The option vested as to 1/4th of the total shares December 2, 2020 and then 1/48th of the total shares vest monthly thereafter, subject to the Reporting Holder's continued service to the Issuer on each vesting date.