Paul Gubbay - Feb 21, 2023 Form 4 Insider Report for Squarespace, Inc. (SQSP)

Role
Chief Product Officer
Signature
/s/ Allyson Wilkinson, as Attorney-in-Fact
Stock symbol
SQSP
Transactions as of
Feb 21, 2023
Transactions value $
-$235,214
Form type
4
Date filed
2/23/2023, 03:29 PM
Previous filing
Aug 24, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SQSP Class A Common Stock Options Exercise $0 +8.06K +43.66% $0.00 26.5K Feb 21, 2023 Direct
transaction SQSP Class A Common Stock Options Exercise $0 +16.5K +62.21% $0.00 43K Feb 21, 2023 Direct
transaction SQSP Class A Common Stock Tax liability -$235K -10.1K -23.48% $23.30 32.9K Feb 21, 2023 Direct F1

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 SQSP Restricted Stock Units Options Exercise $0 -8.06K -33.33% $0.00 16.1K Feb 21, 2023 Class A Common Stock 8.06K $0.00 Direct F2
transaction SQSP Restricted Stock Units Options Exercise $0 -16.5K -25% $0.00 49.5K Feb 21, 2023 Class A Common Stock 16.5K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Issuer to satisfy applicable withholding tax upon vesting of restricted stock units.
F2 On January 20, 2021, the reporting person received a grant of 32,224 restricted stock units, which vests as follows: (a) 25% on February 20, 2022, (b) 25% on February 20, 2023, (c) 25% on February 20, 2024 and (d) 25% on February 20, 2025, subject to continued employment through the applicable vesting date, provided, that if such date falls on a weekend or holiday, the vesting date shall be the first business day after such date.
F3 On February 22, 2022, the reporting person received a grant of 65,967 restricted stock units, which vests as follows: (a) 25% on February 20, 2023 and (b) 6.25% quarterly thereafter, subject to continued employment through the applicable vesting date, provided, that if such date falls on a weekend or holiday, the vesting date shall be the first business day after such date.