SMAR SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Smartsheet Inc. Investors - Contact Kirby McInerney LLP by October 5, 2026

NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who sold Smartsheet Inc. (“Smartsheet” or the “Company”) (Other: SMAR) securities to contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost.

If you sold Smartsheet investments, you have until October 5, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions. Learn more about the lead plaintiff process and eligibility requirements here.

Follow the link below for more information about the lawsuit:

[CONTACT THE FIRM IF YOU SUFFERED A LOSS]

What Is The Lawsuit About?

The lawsuit has been filed on behalf of investors who sold securities during the period of June 1, 2024 and September 23, 2024, inclusive (“the Class Period”). The lawsuit alleges that Smartsheet repurchased more than 1.1 million of its shares, while failing to disclose that Blackstone, Inc. and Vista Equity Partners Management, LLC (collectively, the “Consortium”) had made credible offer(s) to acquire all of Smartsheet’s outstanding common stock shares at a price significantly above the current stock price.

Beginning in January 2024, the Consortium approached Smartsheet with an offer to acquire all of Smartsheet’s outstanding stock for $56.25 per share. Over the subsequent months, the Consortium continued to express interest in and make proposals to buy Smartsheet’s outstanding stock.

On June 1, 2024, Smartsheet began a stock repurchasing program, and, from June 2024 through August 2024, Smartsheet repurchased 1,128,000 of its outstanding shares at an average price of $44.34 per share. These shares were purchased with knowledge that the Consortium was willing to pay a per share price above the price at which Smartsheet common stock was trading.

On September 24, 2024, Smartsheet issued a press release announcing the execution of a merger agreement for the Consortium to acquire Smartsheet shares for $56.50 per share.

[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]

What Should I Do?

If you sold Smartsheet securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[HOW CAN I PROTECT MY RIGHTS?]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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Contacts
Kirby McInerney LLP        
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
investigations@kmllp.com