William Wei Wang - Aug 27, 2021 Form 4 Insider Report for Vizio Holding Corp. (VZIO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Scott Becker, under power of attorney
Stock symbol
VZIO
Transactions as of
Aug 27, 2021
Transactions value $
$0
Form type
4
Date filed
8/27/2021, 08:59 PM
Previous filing
Aug 13, 2021
Next filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZIO Class A Common Stock Conversion of derivative security $0 +4.54M $0.00* 0 Aug 27, 2021 See Footnote F1, F2, F3, F4
transaction VZIO Class A Common Stock Conversion of derivative security $0 +4.54M $0.00* 0 Aug 27, 2021 See Footnote F1, F2, F3, F5
transaction VZIO Class A Common Stock Conversion of derivative security $0 +2.55M $0.00* 0 Aug 27, 2021 See Footnote F1, F2, F3, F6
transaction VZIO Class A Common Stock Conversion of derivative security $0 +2.55M $0.00* 0 Aug 27, 2021 See Footnote F1, F2, F3, F7
transaction VZIO Class A Common Stock Conversion of derivative security $0 +3.96M $0.00* 0 Aug 27, 2021 See Footnote F1, F2, F3, F8
transaction VZIO Class A Common Stock Conversion of derivative security $0 +3.34M $0.00* 0 Aug 27, 2021 See Footnote F1, F2, F3, F9
holding VZIO Class A Common Stock 1.08M Aug 27, 2021 Direct F10

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 VZIO Class B Common Stock Conversion of derivative security $0 -4.54M -100% $0.00* 0 Aug 27, 2021 Class A Common Stock 4.54M See Footnote F1, F2, F4, F11
transaction VZIO Class B Common Stock Conversion of derivative security $0 -4.54M -100% $0.00* 0 Aug 27, 2021 Class A Common Stock 4.54M See Footnote F1, F2, F5, F11
transaction VZIO Class B Common Stock Conversion of derivative security $0 -2.55M -100% $0.00* 0 Aug 27, 2021 Class A Common Stock 2.55M See Footnote F1, F2, F6, F11, F12
transaction VZIO Class B Common Stock Conversion of derivative security $0 -2.55M -100% $0.00* 0 Aug 27, 2021 Class A Common Stock 2.55M See Footnote F1, F2, F7, F11, F13
transaction VZIO Class B Common Stock Conversion of derivative security $0 -3.96M -100% $0.00* 0 Aug 27, 2021 Class A Common Stock 3.96M See Footnote F1, F2, F8, F11
transaction VZIO Class B Common Stock Conversion of derivative security $0 -3.34M -100% $0.00* 0 Aug 27, 2021 Class A Common Stock 3.34M See Footnote F1, F2, F9, F11
holding VZIO Class B Common Stock 4.84M Aug 27, 2021 Class A Common Stock 4.84M See Footnote F11, F14, F15
holding VZIO Class B Common Stock 873K Aug 27, 2021 Class A Common Stock 873K Direct F11
holding VZIO Class B Common Stock 64.8M Aug 27, 2021 Class A Common Stock 64.8M See Footnote F11, F16
holding VZIO Class B Common Stock 6.3M Aug 27, 2021 Class A Common Stock 6.3M See Footnote F11, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is part of a related series of transactions undertaken on August 27, 2021 for estate planning purposes. Effective August 27, 2021, the Reporting Person's sister was appointed as trustee of the 2015 S. Wang GRAT, the 2015 W. Wang GRAT, and the Wang Insurance Trust #2 (collectively, the "2015 GRATs and Insurance Trust #2"). The voting agreement pursuant to which the Reporting Person exercised voting control over shares of Class B Common Stock held by the 2015 GRATs and Insurance Trust #2, and the Wang Insurance Trust, the 2009 S. Wang GRAT, and the 2009 W. Wang GRAT (collectively with the 2015 GRATs and Insurance Trust #2, the "Wang Trusts") was amended to remove such voting control (the "Voting Agreement Amendment").
F2 (Continued from Footnote 1) Pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation, as a result of the Voting Agreement Amendment, each share of Class B Common Stock held by the Wang Trusts automatically converted into one share of Class A Common Stock (the "Wang Trusts Share Conversion").
F3 Following the Wang Trusts Share Conversion, the Reporting Person no longer has beneficial ownership over the shares held by the Wang Trusts.
F4 These shares are held by the 2009 S. Wang GRAT, of which the Reporting Person's sister serves as Trustee.
F5 These shares are held by the 2009 W. Wang GRAT, of which the Reporting Person's sister serves as Trustee.
F6 These shares are held by the 2015 S. Wang GRAT, of which the Reporting Person's sister replaced the Reporting Person's spouse as Trustee (the "2015 S. Wang GRAT").
F7 These shares are held by the 2015 W. Wang GRAT, of which the Reporting Person's sister replaced the Reporting Person as Trustee (the "2015 W. Wang GRAT").
F8 These shares are held by the Wang Insurance Trust, of which the Reporting Person's sister serves as Trustee.
F9 These shares are held by the Wang Insurance Trust #2, of which the Reporting Person's sister replaced the Reporting Person's spouse as Trustee.
F10 Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F11 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F12 The number of shares held reflects the transfer, on April 8, 2021, of 14,978 shares of Class B Common Stock by the 2015 S. Wang GRAT to the Wang Family Trust, of which the Reporting Person and his spouse serve as Trustees (the "Wang Family Trust").
F13 The number of shares held reflects the transfer, on April 8, 2021, of 14,978 shares of Class B Common Stock by the 2015 W. Wang GRAT to the Wang Family Trust.
F14 The number of shares held reflects the transfer, on April 8, 2021, of an aggregate of 29,956 shares of Class B Common Stock by the 2015 S. Wang GRAT and the 2015 W. Wang GRAT to the Wang Family Trust.
F15 These shares are held by the Wang Family Trust.
F16 These shares are held by The William W. Wang Separate Property Trust, of which the Reporting Person serves as Trustee.
F17 These shares are held by the W. Wang 2021 GRAT, dated February 22, 2021, of which the Reporting Person serves as Trustee.