| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VVNT | Class A Common Stock | Options Exercise | +5.55K | +9.96% | 61.2K | Dec 28, 2022 | Direct | F1, F2, F3 | ||
| transaction | VVNT | Class A Common Stock | Options Exercise | +3.63K | +5.94% | 64.9K | Dec 28, 2022 | Direct | F1, F2, F3 | ||
| transaction | VVNT | Class A Common Stock | Options Exercise | +3.63K | +5.6% | 68.5K | Dec 28, 2022 | Direct | F1, F2, F3 | ||
| transaction | VVNT | Class A Common Stock | Options Exercise | +9.71K | +14.18% | 78.2K | Dec 28, 2022 | Direct | F1, F2, F3 | ||
| transaction | VVNT | Class A Common Stock | Options Exercise | +34.5K | +44.06% | 113K | Dec 28, 2022 | Direct | F1, F2, F3 | ||
| transaction | VVNT | Class A Common Stock | Options Exercise | +14.3K | +12.68% | 127K | Dec 28, 2022 | Direct | F1, F2, F3 | ||
| transaction | VVNT | Class A Common Stock | Tax liability | -$340K | -28.5K | -22.49% | $11.91 | 98.4K | Dec 28, 2022 | Direct | F4 |
| 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 | -5.55K | -50% | $0.00 | 5.55K | Dec 28, 2022 | Class A Common Stock | 5.55K | Direct | F1, F2, F3, F5 | |
| transaction | VVNT | Restricted Stock Units | Options Exercise | $0 | -3.63K | -33.34% | $0.00 | 7.27K | Dec 28, 2022 | Class A Common Stock | 3.63K | Direct | F1, F2, F3, F6 | |
| transaction | VVNT | Restricted Stock Units | Options Exercise | $0 | -3.63K | -33.34% | $0.00 | 7.27K | Dec 28, 2022 | Class A Common Stock | 3.63K | Direct | F1, F2, F3, F7 | |
| transaction | VVNT | Restricted Stock Units | Options Exercise | $0 | -9.71K | -33.34% | $0.00 | 19.4K | Dec 28, 2022 | Class A Common Stock | 9.71K | Direct | F1, F2, F3, F8 | |
| transaction | VVNT | Restricted Stock Units | Options Exercise | $0 | -34.5K | -25% | $0.00 | 103K | Dec 28, 2022 | Class A Common Stock | 34.5K | Direct | F1, F2, F3, F9 | |
| transaction | VVNT | Restricted Stock Units | Options Exercise | $0 | -14.3K | -25% | $0.00 | 42.9K | Dec 28, 2022 | Class A Common Stock | 14.3K | Direct | F1, F2, F3, F10 |
| Id | Content |
|---|---|
| F1 | In connection with the anticipated transactions contemplated by the Agreement and Plan of Merger, dated as of December 6, 2022, entered into by and among Vivint Smart Home, Inc. (the "Issuer"), NRG Energy, Inc. ("Parent"), and Jetson Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub will be merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, the Board of Directors of the Issuer approved the acceleration of the payment of certain equity awards to mitigate certain adverse tax consequences under Section 280G or 4999 of the Internal Revenue Code of 1986, as amended, that could arise in connection with the Merger. |
| F2 | The accelerated settlement described in this Form 4 is contingent upon the Reporting Person's agreement to repay accelerated compensation amounts if the Reporting Person ceases to be employed with the Issuer prior to the date which any of his equity awards described herein would otherwise vest, subject to any outstanding accelerated vesting provisions. |
| F3 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A common stock of the Issuer ("Class A Common Stock"). The RSUs will be settled in either Class A Common Stock or cash. |
| F4 | Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting of RSUs. |
| F5 | Reflects an initial grant of 22,195 RSUs that vests in four equal annual installments beginning on January 17, 2021. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on January 17, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| F6 | Reflects performance-based RSUs previously granted to the Reporting Person, the performance of which was certified on March 1, 2022. Upon certification of the award, the Reporting Person received 3,634 shares of Class A Common Stock and 10,901 RSUs that were scheduled to vest in three equal annual installments beginning on March 1, 2023. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| F7 | Reflects an initial grant of 14,535 RSUs that vests in four equal annual installments beginning on March 1, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| F8 | Reflects an initial grant of 38,850 RSUs that vests in four equal annual installments beginning on September 1, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on September 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| F9 | Reflects an initial grant of 137,817 RSUs that vests in four equal annual installments beginning on December 2, 2022. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on December 2, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
| F10 | Reflects an initial grant of 57,143 RSUs that vests in four equal annual installments beginning on March 1, 2023. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 1, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant. |
Title: Chief Legal Officer and Secretary