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

Role
Director
Signature
/s/ Garner B. Meads, III, as Attorney-in-Fact
Stock symbol
VVNT
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 06:02 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 +54.5K +2.41% 2.31M Mar 1, 2023 Direct F2
transaction VVNT Class A Common Stock Options Exercise +54.5K +2.36% 2.37M Mar 1, 2023 Direct F2
holding VVNT Class A Common Stock 13.7M Mar 1, 2023 See footnote F3

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 -54.5K -33.33% $0.00 109K Mar 1, 2023 Class A Common Stock 54.5K Direct F1, F2
transaction VVNT Restricted Stock Units Options Exercise $0 -54.5K -33.33% $0.00 109K Mar 1, 2023 Class A Common Stock 54.5K Direct F2, F4
* 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 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.
F3 Shares 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.
F4 On March 26, 2021, Reporting Person was granted 218,023 restricted stock units that vest in four equal annual installments beginning on March 1, 2022.