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

Role
Director
Signature
/s/ Frederick Tuomi
Stock symbol
SMRT
Transactions as of
Aug 24, 2021
Transactions value $
$0
Form type
4
Date filed
8/26/2021, 08:42 PM
Next filing
Jun 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMRT Class A Common Stock Award +393K 393K Aug 24, 2021 FCT Fund, LTD F1, F2

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 Employee Stock Options (Right to Buy) Award $0 +187K $0.00 187K Aug 24, 2021 Class A Common Stock 187K $0.47 Direct F1, F3
transaction SMRT Restricted Stock Units Award $0 +20.7K $0.00 20.7K Aug 24, 2021 Class A Common Stock 20.7K Direct F4, F5
transaction SMRT Restricted Stock Units Award $0 +12.4K $0.00 12.4K Aug 24, 2021 Class A Common Stock 12.4K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 Mr. Tuomi has voting and dispositive power over this entity.
F3 The stock option is currently vested and exercisable as to 140,292 shares, with the remaining shares vesting in 1/36 equal monthly installments until fully vested on May 24, 2022.
F4 Each restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock.
F5 One-third of the restricted stock units vest on August 24, 2022, and one-third will vest on the 12-month anniversary thereof each year until vested in full.
F6 The restricted stock units will vest in full on the earlier of (a) August 24, 2022 or (b) the date immediately prior to the next annual meeting of the issuer's stockholders occurring after the date of grant.