David Bywater - Mar 1, 2023 Form 4 Insider Report for Vivint Smart Home, Inc. (VVNT)

Role: Chief Executive Officer, Director
Signature: /s/ Garner B. Meads, III, as Attorney-in-Fact
Stock symbol: VVNT
Transactions as of: Mar 1, 2023
Transactions value $: -$4,512,199
Form type: 4
Date filed: 3/3/2023, 06:08 PM
Previous filing: Jun 17, 2022
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	Award	$0	+643K	+107.86%	$0.00	1.24M	Mar 1, 2023	Direct	F1
transaction	VVNT	Class A Common Stock	Options Exercise		+214K	+17.3%		1.45M	Mar 1, 2023	Direct	F2
transaction	VVNT	Class A Common Stock	Tax liability	-$4.51M	-379K	-26.07%	$11.91	1.07M	Mar 1, 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	-214K	-33.33%	$0.00	429K	Mar 1, 2023	Class A Common Stock	214K		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.