LEVIN MATTHEW (President and CEO) reported 3 transactions at BENEFITFOCUS, INC.

Review the transaction codes below to understand the nature of each event.

LEVIN MATTHEW

Filed: 12/22/2022ACC: 0001209191-22-062487

InsiderLEVIN MATTHEWCIK 1327403

→

IssuerBENEFITFOCUS, INC.CIK 1576169

DirectorOfficer· President and CEO

Since May 2021

-197.41K

Net shares

Net seller

$2.06M

Total sold

Open market trades

0B · 0S

Total transactions

445.61K acquired · 643.02K disposed

Non-Derivative Transactions3

Common Stock

Direct

H · H

−445.61K

Price / share

—

Trade value

—

% of position

47.3%

12/20/2022

942.15K→496.54K

Common Stock

Direct

J · J

+445.61K

Price / share

—

Trade value

—

% of position

89.7%

12/20/2022

496.54K→942.15K

Common Stock

Direct

F · Tax Withholding

−197.41K

Price / share

$10.45

Trade value

$2.06M

% of position

21.0%

12/20/2022

942.15K→744.74K

Total

Net shares

−197.41K

Net value

-$2.06M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/20/2022	H · H	−445.61K	—	—	47.3%	942.15K	496.54K
Common Stock Direct	12/20/2022	J · J	+445.61K	—	—	89.7%	496.54K	942.15K
Common Stock Direct	12/20/2022	F · Tax Withholding	−197.41K	$10.45	$2.06M	21.0%	942.15K	744.74K
Total			−197.41K		-$2.06M

Derivative Transactions0

No derivative transactions reported

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

106.64K

Shares owned

106.64K

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

—

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	—	—	106.64K	106.64K
Performance Restricted Stock Units Direct	Common Stock	—	—	230.63K	230.63K
Total				362.14K	362.14K