Mitchell Waters - Sep 22, 2022 Form 4 Insider Report for NEXTGEN HEALTHCARE, INC. (NXGN)

Role
EVP, Commercial Growth
Signature
/s/ Jeffrey D. Linton, Attorney-in-Fact for Mitchell Waters
Stock symbol
NXGN
Transactions as of
Sep 22, 2022
Transactions value $
-$35,368
Form type
4
Date filed
9/26/2022, 05:38 PM
Previous filing
Jun 2, 2022
Next filing
Oct 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXGN Common Stock Options Exercise +5.45K +8.62% 68.7K Sep 22, 2022 Direct F1
transaction NXGN Common Stock Tax liability -$35.4K -2.08K -3.03% $17.02 66.6K Sep 22, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NXGN Performance Stock Units Options Exercise $0 -5.45K -7.13% $0.00 71K Sep 22, 2022 Common Stock 5.45K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance stock units convert to shares of NXGN common stock on a one-for-one basis once fully vested.
F2 Represents shares withheld to satisfy tax withholding obligations on the vesting of performance stock units.
F3 The reporting person was granted performance stock units that vest upon both the attainment of four separate pre-determined stock price milestones and continued service over a period of three years commencing September 22, 2021. 16,356 of these performance stock units were tied to a stock price milestone of $19.38, which was met in April 2022. As of September 22, 2022, 1/3 of the performance stock units tied to the $19.38 stock price milestone are fully vested. The remaining 10,904 performance stock units tied to the $19.38 stock price milestone will vest in equal installments on September 22, 2023 and September 22, 2024.