ProSight Global (PROS) Form 4 ProSight Global / ANTHONY S PISZEL ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PISZEL ANTHONY S

(Last) (First) (Middle)

412 MT. KEMBLE AVENUE,

SUITE 300

(Street)

MORRISTOWN NJ 07960

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ProSight Global, Inc. [ PROS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	02/28/2020		M		6,156	A	(1)	16,570	D
Common Stock(2)	02/28/2020		F		2,119	D	$13.4	14,451	D
Common Stock(3)	02/28/2020		M		45,090	A	(3)	59,541	D
Common Stock(4)	02/28/2020		F		13,448	D	$13.4	46,093	D
Common Stock(5)	02/28/2020		A		32,220	A	(5)	78,313	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/28/2020		M			6,156	(1)	(1)	Common Stock	6,156	(1)	12,817	D
Restricted Stock Units	(3)	02/28/2020		M			45,090	(3)	(3)	Common Stock	45,090	(3)	135,267	D

Explanation of Responses:

1. Represents the settlement of vested RSUs in shares of common stock of ProSight Global, Inc. ("PGI"). The vested RSUs were granted under ProSight Global Holdings Limited's ("PGHL") 2010 Equity Incentive Plan and were exchanged for vested RSUs over shares of PGI's common stock in connection with the merger of PGHL with and into its wholly owned subsidiary, PGI, which was consummated in connection with PGI's initial public offering. These RSUs settle on the earliest to occur of the grantee's death or disability, the grantee's termination of service, a "change of control" or the fifth anniversary of the grant date.

2. Shares withheld by PGI to satisfy tax withholding requirements on settlement of RSUs. No shares were sold.

3. Represents the settlement of 25% of the supplemental RSUs in shares of common stock of PGI. The supplemental RSUs were granted on July 25, 2019, in connection with PGI's initial public offering. 25% of the RSUs were vested on the grant date and scheduled to settle on February 28, 2020. 25% will vest on the second anniversary of the grant date and 50% will vest on the third anniversary of the grant date, in each case subject to the grantee's continued employment through each such date.

4. Shares withheld by PGI to satisfy tax withholding requirements on settlement of RSUs. No shares were sold.

5. Represents a restricted stock award granted under PGI's 2019 Equity Incentive Plan. The restricted shares will vest in equal installments on the first, second and third anniversary of the grant date subject to the grantee's continued employment through each such date.

	/s/ Frank D. Papalia (Attorney-in-Fact)	03/03/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.