Dale R. Gerard - Mar 1, 2022 Form 4 Insider Report for Vivint Smart Home, Inc. (VVNT)

Role
Chief Financial Officer
Signature
/s/ Dale R. Gerard
Stock symbol
VVNT
Transactions as of
Mar 1, 2022
Transactions value $
-$789,066
Form type
4
Date filed
3/3/2022, 08:50 PM
Previous filing
Aug 13, 2021
Next filing
Mar 25, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVNT Class A Common Stock Options Exercise +92.2K +42.11% 311K Mar 1, 2022 Direct F1, F6
transaction VVNT Class A Common Stock Options Exercise +85.6K +27.51% 397K Mar 1, 2022 Direct F2, F6
transaction VVNT Class A Common Stock Options Exercise +29.5K +7.44% 426K Mar 1, 2022 Direct F3, F6
transaction VVNT Class A Common Stock Award +29.5K +6.93% 456K Mar 1, 2022 Direct F4, F6
transaction VVNT Class A Common Stock Tax liability -$789K -105K -23.02% $7.52 351K Mar 1, 2022 Direct F5

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 VVNT Restricted Stock Units Options Exercise $0 -92.2K -100% $0.00* 0 Mar 1, 2022 Class A Common Stock 92.2K Direct F1, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -85.6K -33.33% $0.00 171K Mar 1, 2022 Class A Common Stock 85.6K Direct F2, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -29.5K -25% $0.00 88.6K Mar 1, 2022 Class A Common Stock 29.5K Direct F3, F6
transaction VVNT Restricted Stock Units Award $0 +88.6K $0.00 88.6K Mar 1, 2022 Class A Common Stock 88.6K Direct F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2021. Of the performance-based restricted stock units deemed acquired on March 1, 2021, 50% vested immediately and the remaining 50% vested on March 1, 2022.
F2 Reflects restricted stock units that upon the vesting and then settlement converted into shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. Reflects an initial grant of 342,439 restricted stock units that vest in four equal annual installments beginning on January 17, 2021.
F3 Reflects a grant of restricted stock units that vest in four equal annual installments beginning on March 1, 2022.
F4 Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2022.
F5 Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting and settlement of the restricted stock units and performance-based restricted stock units described herein.
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units will be settled in either Class A Common Stock or cash.
F7 Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2022. Of the performance-based restricted stock units deemed acquired on March 1, 2022, 25% vested immediately and the remaining 75% vest in three equal annual installments beginning on March 1, 2023. Therefore, upon certification of the award, the Reporting Person received 29,524 shares of Class A Common Stock and 88,572 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.

Remarks:

Exhibit 24 - Power of Attorney