Alexander J. Fenkell - 18 Nov 2020 Form 4 Insider Report for SmileDirectClub, Inc.

Role: Director, 10%+ Owner
Signature: /s/ Alexander Fenkell
Issuer symbol: N/A
Transactions as of: 18 Nov 2020
Net transactions value: $0
Form type: 4
Filing time: 22 Apr 2022, 17:33:35 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SDC	Class A Common Stock	Conversion of derivative security	$0	+21,275	+17%	$0.000000	147,542	18 Nov 2020	Direct	F1, F2
transaction	SDC	Class A Common Stock	Gift	$0	-18,316	-12%	$0.000000	129,226	29 Jan 2021	Direct	F3
transaction	SDC	Class A Common Stock	Award	$0	+425,531	+329%	$0.000000	554,757	22 Feb 2022	Direct	F4

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	SDC	SDC Financial Common Units	Conversion of derivative security	$0	-21,275	-0.47%	$0.000000	4,497,779	18 Nov 2020	Class A Common Stock	21,275		By Alexander Fenkell Revocable Trust	F1, F2, F5

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

Explanation of Responses:

Id	Content
F1	Pursuant to the terms of the Seventh Amended and Restated Limited Liability Company Agreement of SDC Financial, LLC, a Delaware limited liability company ("SDC Financial"), the reporting person may exchange all or a portion of its common membership interests ("Common Units") in SDC Financial (with automatic cancellation of an equal number of shares of non-economic Class B common stock of the Issuer's ("Class B common stock") for shares of Class A common stock of the Issuer's ("Class A common stock") on a one-for-one basis, subject to customary adjustments, or, at the option of the disinterested members of the board of directors of the Issuer, cash (based on the then-market value of the shares of Class A common stock). The Class B common stock initially entitles holders to ten votes per share and will vote as a single class with the Class A common stock, but has no economic rights, and is subject to forfeiture upon exchange of the reporting person's Common Units.
F2	The transaction reported is the exchange of the Common Units for shares of Class A common stock.
F3	This report, filed to report a bona fide gift transaction, is late due to an administrative error.
F4	Comprised of Restricted Stock Units that are subject to a vesting schedule.
F5	These units can be exchanged at any time as described in footnote 1.