Retv Gp, Llc - Apr 22, 2022 Form 4 Insider Report for SmartRent, Inc. (SMRT)

Role: 10%+ Owner
Signature: RETV GP, LLC, By /s/ John Helm, Managing Director
Stock symbol: SMRT
Transactions as of: Apr 22, 2022
Transactions value $: $1,874
Form type: 4
Date filed: 5/6/2022, 05:09 PM
Previous filing: Mar 14, 2022
Next filing: May 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMRT	Class A Common Stock	Exercise of in-the-money or at-the-money derivative security	$1.87K	+937K	+16.39%	$0.00^*	6.65M	May 4, 2022	By RET Ventures SPV I, L.P.	F1
holding	SMRT	Class A Common Stock						25.6M	Apr 22, 2022	By Real Estate Technology Ventures, L.P.	F2
holding	SMRT	Class A Common Stock						447K	Apr 22, 2022	By Real Estate Technology Ventures Associates, L.P.	F3
holding	SMRT	Class A Common Stock						5.89M	Apr 22, 2022	By Real Estate Technology Ventures-A, L.P.	F4
holding	SMRT	Class A Common Stock						389K	Apr 22, 2022	By Real Estate Technology Ventures II, L.P.	F5
holding	SMRT	Class A Common Stock						9.07K	Apr 22, 2022	By Real Estate Technology Ventures Associates II, L.P.	F6
holding	SMRT	Class A Common Stock						33K	Apr 22, 2022	Direct	F7, F8
holding	SMRT	Class A Common Stock						14.3K	Apr 22, 2022	Direct	F7, F9

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	SMRT	Warrant	Other	$0	+937K		$0.00	937K	Apr 22, 2022	Class A Common Stock	937K	$0.00	By RET Ventures SPV I, L.P.	F1, F10
transaction	SMRT	Warrant	Exercise of in-the-money or at-the-money derivative security	$0	-937K	-100%	$0.00^*	0	May 4, 2022	Class A Common Stock	937K	$0.00	By RET Ventures SPV I, L.P.	F1, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares are held directly by RET Ventures SPV I, L.P. ("RET SPV I"). RETV GP, LLC ("RET GP I") is the general partner of RET SPV I and may be deemed to beneficially own the shares held by RET SPV I. John Helm is the Managing Director of RET GP I, and may be deemed to share voting and investment power over the shares held by RET SPV I. Each of RET GP I and Mr. Helm disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F2	Shares are held directly by Real Estate Technology Ventures, L.P. ("RET Fund I"). RET GP I is the general partner of RET Fund I and may be deemed to beneficially own the shares held by RET Fund I. John Helm is the Managing Director of RET GP I, and may be deemed to share voting and investment power over the shares held by RET Fund I. Each of RET GP I and Mr. Helm disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F3	Shares are held directly by Real Estate Technology Ventures Associates, L.P. ("RET Associates I"). RET GP I is the general partner of RET Associates I and may be deemed to beneficially own the shares held by RET Associates I. John Helm is the Managing Director of RET GP I, and may be deemed to share voting and investment power over the shares held by RET Associates I. Each of RET GP I and Mr. Helm disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F4	Shares are held directly by Real Estate Technology Ventures-A, L.P. ("RET Fund I-A"). RET GP I is the general partner of RET Fund I-A and may be deemed to beneficially own the shares held by RET Fund I-A. John Helm is the Managing Director of RET GP I, and may be deemed to share voting and investment power over the shares held by RET Fund I-A. Each of RET GP I and Mr. Helm disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F5	Shares are held directly by Real Estate Technology Ventures II, L.P. ("RET Fund II"). RETV GP II, LLC ("RET GP II") is the general partner of RET Fund II and may be deemed to beneficially own the shares held by RET Fund II. John Helm and Christopher Yip are Managing Directors of RET GP II, and may be deemed to share voting and investment power over the shares held by RET Fund II. Each of RET GP II and Messrs. Helm and Yip disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F6	Shares are held directly by Real Estate Technology Ventures Associates II, L.P. ("RET Associates II"). RETV GP II is the general partner of RET Associates II and may be deemed to beneficially own the shares held by RET Associates II. John Helm and Christopher Yip are Managing Directors of RET GP II, and may be deemed to share voting and investment power over the shares held by RET Associates II. Each of RET GP II and Messrs. Helm and Yip disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F7	The shares held by the Reporting Person reported herein reflect the receipt of shares pursuant to pro rata distributions in kind, effected by each of RET GP I and RET GP II to its members for no additional consideration, including the Reporting Person. The receipt of such shares by the Reporting Person constituted a change in form of ownership from indirect to direct, which was exempt from reporting pursuant to Rule 16a-13.
F8	Shares are held directly by John Helm
F9	Shares are held directly by Christopher Yip
F10	Reflects the determination of the exercisability of the second tranche of a warrant (the "Warrant") received by RET Ventures SPV I, L.P. on August 14, 2021 in connection with the closing (the "Closing") of the business combination between the Issuer, Einstein Merger Corp. I. and SmartRent.com, Inc. The Warrant, which initially provided for the purchase of up to 1,874,036 shares of Class A Common Stock, was subject to vesting in two discrete increments of 50% of the total subject shares upon the achievement of commercial milestones. As of the Closing, the second performance-based vesting condition had not been met and, accordingly, this tranche was not previously reportable on the Reporting Persons' Section 16 reports. The Reporting Persons were informed by the Issuer on April 22, 2022 that the Issuer had determined that the performance-based vesting condition of the second tranche had been satisfied.