ROBERT BERNSHTEYN - 28 Jul 2022 Form 4 Insider Report for Coupa Software Inc

Role
Chief Executive Officer, Director
Signature
/s/ Jon Stueve, Authorized Signatory For: Robert Bernshteyn
Issuer symbol
N/A
Transactions as of
28 Jul 2022
Net transactions value
$0
Form type
4
Filing time
01 Aug 2022, 17:00:19 UTC
Previous filing
22 Jun 2022
Next filing
22 Sep 2022
SEC
View on sec.gov

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 COUP Restricted Stock Units Award $0 +390,000 $0.000000 390,000 28 Jul 2022 Common Stock 390,000 Direct F1, F2
transaction COUP Performance Stock Units Award $0 +585,000 $0.000000 585,000 28 Jul 2022 Common Stock 585,000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit converts into common stock on a one-for-one basis.
F2 The first 60% of the total number of RSUs granted will vest on June 20, 2025, 20% of the total number of RSUs granted will vest on June 20, 2026 and 20% of the total number of RSUs granted will vest on June 20, 2027. Vested shares will be delivered to the reporting person upon vest date. Unless otherwise provided, on each vest date shares of common stock will automatically be sold to satisfy the reporting person's tax withholding obligations in a non-discretionary transaction.
F3 Each Performance Stock Unit converts into common stock on a one-for-one basis. The number of derivative securities acquired assumes achievement of all performance-based conditions.
F4 The PSU will vest dependent upon achievement of performance-based conditions prior to July 28, 2027 and service-based conditions through July 28, 2025. Vested shares will be delivered to the reporting person upon vest date. Unless otherwise provided, on each vest date shares of common stock will automatically be sold to satisfy the reporting person's tax withholding obligations in a non-discretionary transaction.