Christopher Jon Edmonds - Aug 24, 2021 Form 4 Insider Report for SmartRent, Inc. (SMRT)

Role: Chief Revenue Officer
Signature: /s/ Christopher Jon Edmonds
Stock symbol: SMRT
Transactions as of: Aug 24, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/26/2021, 08:34 PM
Next filing: Jan 20, 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SMRT	Employee Stock Options (Right to Buy)	Award	$0	+429K		$0.00	429K	Aug 24, 2021	Class A Common Stock	429K	$0.47	Direct	F1, F2
transaction	SMRT	Restricted Stock Units	Award	$0	+1.1M		$0.00	1.1M	Aug 24, 2021	Class A Common Stock	1.1M		Direct	F1, F3, F4
transaction	SMRT	Restricted Stock Units	Award	$0	+11.7K		$0.00	11.7K	Aug 24, 2021	Class A Common Stock	11.7K		Direct	F3, F5

Showing 1 to 3 of 3 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the business combination of Fifth Wall Acquisition Corp. I and SmartRent.com, Inc. ("Legacy SmartRent"), each share of Legacy SmartRent outstanding common and preferred stock and common stock underlying outstanding warrants was automatically converted into shares of the issuer's Class A Common Stock based on a 1-to-4.8846 exchange ratio (the "Exchange Ratio"). In addition, each outstanding Legacy SmartRent equity award was automatically converted into a corresponding equity award of the issuer based on the Exchange Ratio and with the same terms and vesting conditions as the Legacy SmartRent equity awards.
F2	The stock option is currently vested and exercisable as to 160,980 shares, with the remaining shares vesting in 1/48 equal monthly installments until fully vested on January 28, 2024.
F3	Each restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock.
F4	The restricted stock units shall vest as follows: one-fourth shall vest on April 19, 2022 with the remaining vesting in 1/48 equal monthly installments until vested in full.
F5	The restricted stock units shall vest as follows: one-fourth shall vest on August 24, 2022, with the remaining vesting in 1/48 equal monthly installments until vested in full.