Dale R. Gerard - 01 Mar 2022 Form 4 Insider Report for Vivint Smart Home, Inc.

Role
Chief Financial Officer
Signature
/s/ Dale R. Gerard
Issuer symbol
N/A
Transactions as of
01 Mar 2022
Net transactions value
-$789,066
Form type
4
Filing time
03 Mar 2022, 20:50:36 UTC
Previous filing
13 Aug 2021
Next filing
25 Mar 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 +92,195 +42% 311,159 01 Mar 2022 Direct F1, F6
transaction VVNT Class A Common Stock Options Exercise +85,610 +28% 396,769 01 Mar 2022 Direct F2, F6
transaction VVNT Class A Common Stock Options Exercise +29,524 +7.4% 426,293 01 Mar 2022 Direct F3, F6
transaction VVNT Class A Common Stock Award +29,524 +6.9% 455,817 01 Mar 2022 Direct F4, F6
transaction VVNT Class A Common Stock Tax liability $789,066 -104,929 -23% $7.52 350,888 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 -92,195 -100% $0.000000* 0 01 Mar 2022 Class A Common Stock 92,195 Direct F1, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -85,610 -33% $0.000000 171,219 01 Mar 2022 Class A Common Stock 85,610 Direct F2, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -29,524 -25% $0.000000 88,572 01 Mar 2022 Class A Common Stock 29,524 Direct F3, F6
transaction VVNT Restricted Stock Units Award $0 +88,572 $0.000000 88,572 01 Mar 2022 Class A Common Stock 88,572 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 342,439 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 29,524 shares of Class A Common Stock and 88,572 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.

Remarks:

Exhibit 24 - Power of Attorney