Brendan Wallace - 24 Aug 2021 Form 4 Insider Report for SmartRent, Inc. (SMRT)

Role
Former Director and Officer
Signature
/s/ Brendan Wallace
Issuer symbol
SMRT
Transactions as of
24 Aug 2021
Transactions value $
$0
Form type
4
Filing time
24 Aug 2021, 18:57:37 UTC
Previous filing
10 Aug 2021
Next filing
25 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMRT Class A common stock Options Exercise +8,481,000 +810% 9,528,500 24 Aug 2021 See Footnote F1, F2, F3

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 Class B common stock Options Exercise -8,481,000 -100% 0 24 Aug 2021 Class A common stock See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brendan Wallace is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-252274), the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of the Issuer will automatically convert into shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer at the time of the Issuer's initial business combination (the "Business Combination"), on a one-for-one basis.
F2 On August 24, 2021, Fifth Wall Acquisition Corp. I ("FWAA" and the former name of the Issuer) consummated the Business Combination with SmartRent.com, Inc. In connection with the Business Combination, each share of Class B Common Stock converted to one share of Class A Common Stock. The reporting person resigned as a director and as an officer of the Issuer upon consummation of the Business Combination.
F3 Fifth Wall Acquisition Sponsor, LLC, is the record holder of the shares reported herein. Fifth Wall Acquisition Sponsor, LLC is governed by two managers. Messrs. Andriy Mykhaylovskyy and Brendan Wallace have shared voting and investment power over the shares held by Fifth Wall Acquisition Sponsor, LLC, and disclaim beneficial ownership of the shares held by Fifth Wall Acquisition Sponsor, LLC except to the extent of their pecuniary interest therein.