SMAR SMARTSHEET INC Insider Trading

CEO Mader sells 52,916 SMAR shares in 2 tranches for $2,961,379.36 near 52-week peak

Mark Patrick Mader, President and CEO, executed 2 separate sales totaling 52,916 shares for $2,961,379.36 on December 16–17, 2024, at blended average price $55.96, near the 52-week high of $56.51. Post-transaction holdings remain substantial at 624,356 shares, representing a -7.8% reduction versus pre-transaction holdings of 677,272 shares. At the same ticker, Mader's prior sell on 2024-09-19 posted a 30-day return of +8.1%, and his earlier sell on 2023-09-25 had a 90-day return of +21.2%; neither prior sale was followed by a stock decline, indicating his SMAR sales have not historically preceded drawdowns. The company reported latest-quarter revenue of $286,871,000.00 and net income of $1,324,000.00, with annual revenue growth of +25.0%, though full-year results showed negative net income, reflecting ongoing profitability pressures despite top-line expansion.

SMAR CEO Mark Patrick Mader sold 20,000 shares at $51.78 on 2024-09-19; holds 588,762 post-transaction.

Mark Patrick Mader, President and CEO, sold 20,000 shares (3.3% of pre-transaction holdings) at $51.78, reducing his stake from 608,762 to 588,762 shares. The sale occurred near the 52-week high ($52.69), with the current price at $51.44. Smartsheet's fundamentals show recent strength: $276.4M in latest quarterly revenue, +25.0% annual revenue growth, and $7.1B market cap. However, the company remains unprofitable on a full-year basis despite the latest quarter posting $7.9M net income. His prior sell at this ticker (2023-09-25) was not well-timed on the 90-day horizon (0 of 1 prior sells well-timed at SMAR), and his cross-ticker track record shows an avg 90d return of +21.2% after his sells, indicating his prior open-market sells have typically preceded gains rather than losses.