WEGNER ALPANA (Chief Financial Officer) reported 6 transactions at BENEFITFOCUS, INC.

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

WEGNER ALPANA

Filed: 12/22/2022ACC: 0001209191-22-062490

InsiderWEGNER ALPANACIK 1822516

→

IssuerBENEFITFOCUS, INC.CIK 1576169

Officer· Chief Financial Officer

Since Aug 2020

-140.84K

Net shares

Net seller

$1.47M

Total sold

Open market trades

0B · 0S

Total transactions

306.02K acquired · 446.86K disposed

Non-Derivative Transactions6

Common Stock

Direct

H · H

−238.72K

Price / share

—

Trade value

—

% of position

51.8%

12/20/2022

460.94K→222.22K

Common Stock

Direct

J · J

+238.72K

Price / share

—

Trade value

—

% of position

107.4%

12/20/2022

222.22K→460.94K

Common Stock

Direct

F · Tax Withholding

−109.86K

Price / share

$10.45

Trade value

$1.15M

% of position

23.8%

12/20/2022

460.94K→351.08K

Common Stock

Direct

H · H

−49.03K

Price / share

—

Trade value

—

% of position

14.0%

12/20/2022

351.08K→302.05K

Common Stock

Direct

J · J

+67.30K

Price / share

—

Trade value

—

% of position

22.3%

12/20/2022

302.05K→369.36K

Common Stock

Direct

F · Tax Withholding

−30.98K

Price / share

$10.45

Trade value

$323.74K

% of position

8.4%

12/20/2022

369.36K→338.38K

Total

Net shares

−122.57K

Net value

-$1.47M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/20/2022	H · H	−238.72K	—	—	51.8%	460.94K	222.22K
Common Stock Direct	12/20/2022	J · J	+238.72K	—	—	107.4%	222.22K	460.94K
Common Stock Direct	12/20/2022	F · Tax Withholding	−109.86K	$10.45	$1.15M	23.8%	460.94K	351.08K
Common Stock Direct	12/20/2022	H · H	−49.03K	—	—	14.0%	351.08K	302.05K
Common Stock Direct	12/20/2022	J · J	+67.30K	—	—	22.3%	302.05K	369.36K
Common Stock Direct	12/20/2022	F · Tax Withholding	−30.98K	$10.45	$323.74K	8.4%	369.36K	338.38K
Total			−122.57K		-$1.47M

Derivative Transactions2

Performance Restricted Stock Units

Direct

H · H

Converts to

Common Stock

8.90K shares

−8.90K

Strike price

Held after

3.82K

Exercisable

—

12/20/2022

Performance Restricted Stock Units

Direct

H · H

Converts to

Common Stock

9.37K shares

−9.37K

Strike price

Held after

86.02K

Exercisable

—

12/20/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance Restricted Stock Units Direct	Common Stock8.90K shares	12/20/2022	H · H	−8.90K		—	3.82K
Performance Restricted Stock Units Direct	Common Stock9.37K shares	12/20/2022	H · H	−9.37K		—	86.02K