Todd M. Santiago - Mar 1, 2023 Form 4 Insider Report for Vivint Smart Home, Inc. (VVNT)

Role
Chief Revenue Officer
Signature
/s/ Garner B. Meads, III, as Attorney-in-Fact
Stock symbol
VVNT
Transactions as of
Mar 1, 2023
Transactions value $
-$803,973
Form type
4
Date filed
3/3/2023, 06:00 PM
Previous filing
Jan 19, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVNT Class A Common Stock Options Exercise +27.3K +3.39% 831K Mar 1, 2023 Direct F4
transaction VVNT Class A Common Stock Award $0 +49.1K +5.91% $0.00 880K Mar 1, 2023 Direct F2
transaction VVNT Class A Common Stock Options Exercise +27.3K +3.1% 907K Mar 1, 2023 Direct F4
transaction VVNT Class A Common Stock Options Exercise +49.1K +5.41% 956K Mar 1, 2023 Direct F4
transaction VVNT Class A Common Stock Tax liability -$804K -67.5K -7.06% $11.91 889K Mar 1, 2023 Direct F3
holding VVNT Class A Common Stock 214K Mar 1, 2023 See Footnote 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 -27.3K -33.33% $0.00 54.5K Mar 1, 2023 Class A Common Stock 27.3K Direct F1, F4
transaction VVNT Restricted Stock Units Award $0 +147K $0.00 147K Mar 1, 2023 Class A Common Stock 147K Direct F2, F4
transaction VVNT Restricted Stock Units Options Exercise $0 -27.3K -33.33% $0.00 54.5K Mar 1, 2023 Class A Common Stock 27.3K Direct F4, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -49.1K -25% $0.00 147K Mar 1, 2023 Class A Common Stock 49.1K Direct F4, 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, 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.
F2 Reflects performance-based restricted stock units previously granted to the Reporting Person, which were certified at target-level performance on March 1, 2023. Of these units, 25% vested immediately and the remaining 75% vest in three equal annual installments beginning on March 1, 2024. Therefore, upon certification of the award, the Reporting Person received 49,107 shares of Class A Common Stock and will receive 147,321 shares (or the cash-equivalent thereof) in three equal annual installments beginning on March 1, 2024.
F3 Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units and performance-based restricted stock units.
F4 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.
F5 Reflects securities held by a trust for the benefit of the Reporting Person's family of which the Reporting Person is a trustee.
F6 On March 26, 2021, the Reporting Person was granted 109,012 restricted stock units that vest in four equal annual installments beginning on March 1, 2022.
F7 On March 23, 2022, the Reporting Person was granted 196,429 restricted stock units that vest in four equal annual installments beginning on March 1, 2023.