Garner B. Meads III - Mar 1, 2023 Form 4 Insider Report for Vivint Smart Home, Inc. (VVNT)

Role
Title: Chief Legal Officer and Secretary
Signature
/s/ Garner B. Meads, III
Stock symbol
VVNT
Transactions as of
Mar 1, 2023
Transactions value $
-$53,666
Form type
4
Date filed
3/3/2023, 06:10 PM
Previous filing
Dec 30, 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 +14.3K +14.52% $0.00 113K Mar 1, 2023 Direct F1
transaction VVNT Class A Common Stock Tax liability -$53.7K -4.51K -4% $11.91 108K Mar 1, 2023 Direct F2

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 Award $0 +42.9K $0.00 42.9K Mar 1, 2023 Class A Common Stock 42.9K Direct F1, F3
* 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. 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 14,286 shares of Class A Common Stock of the Issuer ("Class A Common Stock") and will receive 42,857 shares (or the cash-equivalent thereof) in three equal annual installments beginning on March 1, 2024.
F2 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 performance-based restricted stock units described herein.
F3 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.

Remarks:

Title: Chief Legal Officer and Secretary