Garner B. Meads III - Mar 1, 2022 Form 4 Insider Report for Vivint Smart Home, Inc. (VVNT)

Role
Exhibit 24 - Power of Attorney Title Chief Legal Officer and Secretary
Signature
/s/ Dale R. Gerard, as Attorney-in-Fact
Stock symbol
VVNT
Transactions as of
Mar 1, 2022
Transactions value $
-$41,413
Form type
4
Date filed
3/3/2022, 08:55 PM
Previous filing
Dec 6, 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 +5.98K +47.52% 18.6K Mar 1, 2022 Direct F1, F6
transaction VVNT Class A Common Stock Options Exercise +5.55K +29.91% 24.1K Mar 1, 2022 Direct F2, F6
transaction VVNT Class A Common Stock Options Exercise +3.63K +15.08% 27.7K Mar 1, 2022 Direct F3, F6
transaction VVNT Class A Common Stock Award +3.63K +13.1% 31.4K Mar 1, 2022 Direct F4, F6
transaction VVNT Class A Common Stock Tax liability -$41.4K -5.51K -17.55% $7.52 25.9K 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 -5.98K -100% $0.00* 0 Mar 1, 2022 Class A Common Stock 5.98K Direct F1, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -5.55K -33.34% $0.00 11.1K Mar 1, 2022 Class A Common Stock 5.55K Direct F2, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -3.63K -25% $0.00 10.9K Mar 1, 2022 Class A Common Stock 3.63K Direct F3, F6
transaction VVNT Restricted Stock Units Award $0 +10.9K $0.00 10.9K Mar 1, 2022 Class A Common Stock 10.9K 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 22,195 restricted stock units that vest in four equal annual installments beginning on January 17, 2021.
F3 Reflects restricted stock units granted on March 25, 2021 that vest in four equal annual installments beginning March 1, 2022 and upon vesting, will each be settled by delivery of one share of Class A Common Stock or cash.
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 3,634 shares of Class A Common Stock and 10,901 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.

Remarks:

Exhibit 24 - Power of Attorney Title Chief Legal Officer and Secretary