Todd R. Pedersen - Mar 1, 2022 Form 4 Insider Report for Vivint Smart Home, Inc. (VVNT)

Role
Director
Signature
/s/ Dale R. Gerard, as Attorney-in-Fact
Stock symbol
VVNT
Transactions as of
Mar 1, 2022
Transactions value $
-$1,683,044
Form type
4
Date filed
3/3/2022, 08:53 PM
Previous filing
Feb 25, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVNT Class A Common Stock Options Exercise +293K +17.94% 1.92M Mar 1, 2022 Direct F1, F6
transaction VVNT Class A Common Stock Options Exercise +146K +7.61% 2.07M Mar 1, 2022 Direct F2, F6
transaction VVNT Class A Common Stock Options Exercise +54.5K +2.63% 2.12M Mar 1, 2022 Direct F3, F6
transaction VVNT Class A Common Stock Award +54.5K +2.57% 2.18M Mar 1, 2022 Direct F4, F6
transaction VVNT Class A Common Stock Tax liability -$1.68M -224K -10.27% $7.52 1.96M Mar 1, 2022 Direct F5
holding VVNT Class A Common Stock 13.7M Mar 1, 2022 See Footnote F8

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 -293K -100% $0.00* 0 Mar 1, 2022 Class A Common Stock 293K Direct F1, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -146K -33.33% $0.00 293K Mar 1, 2022 Class A Common Stock 146K Direct F2, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -54.5K -25% $0.00 164K Mar 1, 2022 Class A Common Stock 54.5K Direct F3, F6
transaction VVNT Restricted Stock Units Award $0 +164K $0.00 164K Mar 1, 2022 Class A Common Stock 164K 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 585,366 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 54,506 shares of Class A Common Stock and 163,517 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.
F8 Reflects securities held by a trust for the benefit of the Reporting Person's family. The Reporting Person disclaims beneficial ownership over the shares held by such trust, except to the extent of his pecuniary interest therein.

Remarks:

Exhibit 24 - Power of Attorney