LEVIN MATTHEW (President and CEO) sold 9.5% of their position (51.95K shares) of BENEFITFOCUS, INC. on the open market

Open‑market sale worth $437.3K — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

LEVIN MATTHEW

Filed: 5/12/2022ACC: 0001209191-22-028611

InsiderLEVIN MATTHEWCIK 1327403

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IssuerBENEFITFOCUS, INC.CIK 1576169

DirectorOfficer· President and CEO

Since May 2021

-138.88K

Net shares

Net seller

$437.3K

Total sold

Open market trades

0B · 2S

Total transactions

60.60K acquired · 199.47K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+19.55K

Price / share

—

Trade value

—

% of position

4.0%

5/10/2022

487.89K→507.44K

Common Stock

Direct

M · Option Exercise

+41.05K

Price / share

—

Trade value

—

% of position

8.1%

5/10/2022

507.44K→548.49K

Common Stock

Direct

S · Sale

−37.15K

Price / share

$8.59

Trade value

$319.06K

% of position

6.8%

5/10/2022

548.49K→511.34K

Common Stock

Direct

S · Sale

−14.80K

Price / share

$7.99

Trade value

$118.26K

% of position

2.9%

5/11/2022

511.34K→496.54K

Total

Net shares

+8.64K

Net value

-$437.32K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/10/2022	M · Option Exercise	+19.55K	—	—	4.0%	487.89K	507.44K
Common Stock Direct	5/10/2022	M · Option Exercise	+41.05K	—	—	8.1%	507.44K	548.49K
Common Stock Direct	5/10/2022	S · Sale	−37.15K	$8.59	$319.06K	6.8%	548.49K	511.34K
Common Stock Direct	5/11/2022	S · Sale	−14.80K	$7.99	$118.26K	2.9%	511.34K	496.54K
Total			+8.64K		-$437.32K

Derivative Transactions3

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

19.55K shares

−19.55K

Strike price

Held after

0.00

Exercisable

—

5/10/2022

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

41.05K shares

−41.05K

Strike price

Held after

86.92K

Exercisable

—

5/10/2022

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

86.92K shares

−86.92K

Strike price

Held after

0.00

Exercisable

—

5/10/2022

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance Restricted Stock Units Direct	Common Stock19.55K shares	5/10/2022	M · Option Exercise	−19.55K	—	0.00
Performance Restricted Stock Units Direct	Common Stock41.05K shares	5/10/2022	M · Option Exercise	−41.05K	—	86.92K
Performance Restricted Stock Units Direct	Common Stock86.92K shares	5/10/2022	D · Disposition	−86.92K	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Performance Restricted Stock Units

Direct

Underlying security

Common Stock

Underlying shares

24.87K

Shares owned

24.87K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Common Stock

Underlying shares

230.63K

Shares owned

230.63K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Common Stock

Underlying shares

106.64K

Shares owned

106.64K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

362.14K

Owned

362.14K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Common Stock	—	—	24.87K	24.87K
Performance Restricted Stock Units Direct	Common Stock	—	—	230.63K	230.63K
Performance Restricted Stock Units Direct	Common Stock	—	—	106.64K	106.64K
Total				362.14K	362.14K