LEVIN MATTHEW (President and CEO) exercised options at BENEFITFOCUS, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

LEVIN MATTHEW

Filed: 1/25/2023ACC: 0001209191-23-004916

InsiderLEVIN MATTHEWCIK 1327403

→

IssuerBENEFITFOCUS, INC.CIK 1576169

DirectorOfficer· President and CEO

Since May 2021

-1.11M

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

12.36K acquired · 1.12M disposed

Non-Derivative Transactions3

Common Stock

Direct

M · Option Exercise

+12.36K

Price / share

—

Trade value

—

% of position

1.7%

1/24/2023

744.74K→757.10K

Common Stock

Direct

D · Disposition

−197.85K

Price / share

—

Trade value

—

% of position

26.1%

1/24/2023

757.10K→559.25K

Common Stock

Direct

D · Disposition

−559.25K

Price / share

—

Trade value

—

% of position

New position

1/24/2023

559.25K→0.00

Total

Net shares

−744.74K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	1/24/2023	M · Option Exercise	+12.36K	—	—	1.7%	744.74K	757.10K
Common Stock Direct	1/24/2023	D · Disposition	−197.85K	—	—	26.1%	757.10K	559.25K
Common Stock Direct	1/24/2023	D · Disposition	−559.25K	—	—	New position	559.25K	0.00
Total			−744.74K		$0.00

Derivative Transactions5

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

12.36K shares

−12.36K

Strike price

Held after

12.51K

Exercisable

—

1/24/2023

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

12.51K shares

−12.51K

Strike price

Held after

0.00

Exercisable

—

1/24/2023

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

88.53K shares

−88.53K

Strike price

Held after

142.10K

Exercisable

—

1/24/2023

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

142.10K shares

−142.10K

Strike price

Held after

0.00

Exercisable

—

1/24/2023

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

106.64K shares

−106.64K

Strike price

Held after

0.00

Exercisable

—

1/24/2023

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance Restricted Stock Units Direct	Common Stock12.36K shares	1/24/2023	M · Option Exercise	−12.36K	—	12.51K
Performance Restricted Stock Units Direct	Common Stock12.51K shares	1/24/2023	D · Disposition	−12.51K	—	0.00
Performance Restricted Stock Units Direct	Common Stock88.53K shares	1/24/2023	D · Disposition	−88.53K	—	142.10K
Performance Restricted Stock Units Direct	Common Stock142.10K shares	1/24/2023	D · Disposition	−142.10K	—	0.00
Performance Restricted Stock Units Direct	Common Stock106.64K shares	1/24/2023	D · Disposition	−106.64K	—	0.00