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 | +1.42M | $0.00 | 1.42M | Aug 24, 2021 | Class A Common Stock | 1.42M | $0.47 | Direct | F1, F2 | |
transaction | SMRT | Restricted Stock Units | Award | $0 | +293K | $0.00 | 293K | Aug 24, 2021 | Class A Common Stock | 293K | Direct | F1, F3, F4 | ||
transaction | SMRT | Restricted Stock Units | Award | $0 | +8.76K | $0.00 | 8.76K | Aug 24, 2021 | Class A Common Stock | 8.76K | Direct | F3, F5 |
Id | Content |
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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 1,362,379 shares, with the remaining shares vesting in 1/48 equal monthly installments until fully vested on October 23, 2021. |
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. |