Jung Taik Hwang - 01 Mar 2022 Form 4 Insider Report for Vivint Smart Home, Inc.

Role
Chief Technology Officer
Signature
/s/ Dale R. Gerard, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Mar 2022
Net transactions value
-$743,179
Form type
4
Filing time
03 Mar 2022, 20:50:05 UTC
Previous filing
13 Aug 2021
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 +89,634 +28% 406,428 01 Mar 2022 Direct F1, F6
transaction VVNT Class A Common Stock Options Exercise +83,232 +20% 489,660 01 Mar 2022 Direct F2, F6
transaction VVNT Class A Common Stock Options Exercise +24,982 +5.1% 514,642 01 Mar 2022 Direct F3, F6
transaction VVNT Class A Common Stock Award +24,982 +4.9% 539,624 01 Mar 2022 Direct F4, F6
transaction VVNT Class A Common Stock Tax liability $743,179 -98,827 -18% $7.52 440,797 01 Mar 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 -89,634 -100% $0.000000* 0 01 Mar 2022 Class A Common Stock 89,634 Direct F1, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -83,232 -33% $0.000000 166,463 01 Mar 2022 Class A Common Stock 83,232 Direct F2, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -24,982 -25% $0.000000 74,945 01 Mar 2022 Class A Common Stock 24,982 Direct F3, F6
transaction VVNT Restricted Stock Units Award $0 +74,945 $0.000000 74,945 01 Mar 2022 Class A Common Stock 74,945 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 332,927 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 24,982 shares of Class A Common Stock and 74,945 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.

Remarks:

Exhibit 24 - Power of Attorney