Todd M. Santiago - Mar 1, 2022 Form 4 Insider Report for Vivint Smart Home, Inc. (VVNT)

Role
Chief Revenue Officer
Signature
/s/ Dale R. Gerard, as Attorney-in-Fact
Stock symbol
VVNT
Transactions as of
Mar 1, 2022
Transactions value $
-$867,176
Form type
4
Date filed
3/3/2022, 08:54 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 +107K +20.27% 633K Mar 1, 2022 Direct F1, F6
transaction VVNT Class A Common Stock Options Exercise +99.1K +15.65% 732K Mar 1, 2022 Direct F2, F6
transaction VVNT Class A Common Stock Options Exercise +27.3K +3.72% 759K Mar 1, 2022 Direct F3, F6
transaction VVNT Class A Common Stock Award +27.3K +3.59% 787K Mar 1, 2022 Direct F4, F6
transaction VVNT Class A Common Stock Tax liability -$867K -115K -14.66% $7.52 671K Mar 1, 2022 Direct F5
holding VVNT Class A Common Stock 214K Mar 1, 2022 See Footnote F8

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 -107K -100% $0.00* 0 Mar 1, 2022 Class A Common Stock 107K Direct F1, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -99.1K -33.33% $0.00 198K Mar 1, 2022 Class A Common Stock 99.1K Direct F2, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -27.3K -25% $0.00 81.8K Mar 1, 2022 Class A Common Stock 27.3K Direct F3, F6
transaction VVNT Restricted Stock Units Award $0 +81.8K $0.00 81.8K Mar 1, 2022 Class A Common Stock 81.8K 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 396,341 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 27,253 shares of Class A Common Stock and 81,759 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.
F8 Reflects securities held by a trust for the benefit of the Reporting Person's family of which the Reporting Person is a trustee.

Remarks:

Exhibit 24 - Power of Attorney