Smartsheet investors who sold common stock between June 1, 2024 and September 23, 2024 and suffered losses may seek to join a securities class action in the U.S. District Court for the Southern District of New York, with an October 5, 2026 deadline to seek lead-plaintiff status in Galveston Firefighters' Pension Fund v. Smartsheet Inc., et al., No. 26-cv-6679. The complaint alleges Smartsheet and certain former executives violated the Securities Exchange Act of 1934 by continuing a $150 million buyback program and repurchasing about 1.128 million shares for roughly $50 million between June and August 2024 while non-public acquisition talks with a consortium of Blackstone Inc. and Vista Equity Partners Management were underway, including a January 24, 2024 offer at $56.25 per share and later $56.50-per-share proposals that remained above the stock's $46.45 average class-period price. Plaintiffs say Smartsheet's buyback disclosures were misleading because they omitted the consortium's higher-priced interest, and that the stock rose sharply once the $56.50-per-share deal was announced on September 24, 2024. The merger closed on January 22, 2025.