David Bywater - 01 Mar 2023 Form 4 Insider Report for Vivint Smart Home, Inc.

Role
Chief Executive Officer, Director
Signature
/s/ Garner B. Meads, III, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Mar 2023
Net transactions value
-$4,512,199
Form type
4
Filing time
03 Mar 2023, 18:08:59 UTC
Previous filing
17 Jun 2022
Next filing
14 Mar 2023
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 Award $0 +642,857 +108% $0.000000 1,238,853 01 Mar 2023 Direct F1
transaction VVNT Class A Common Stock Options Exercise +214,286 +17% 1,453,139 01 Mar 2023 Direct F2
transaction VVNT Class A Common Stock Tax liability $4,512,199 -378,858 -26% $11.91 1,074,281 01 Mar 2023 Direct 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 -214,286 -33% $0.000000 428,571 01 Mar 2023 Class A Common Stock 214,286 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, which were certified at target-level performance on March 1, 2023 and upon certification, were deemed earned and vested immediately and settled into shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis.
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 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.
F4 On March 23, 2022, the Reporting Person was granted 642,857 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.