Alexander Fenkell - Nov 18, 2020 Form 4 Insider Report for SmileDirectClub, Inc. (SDC)

Role
Director, 10%+ Owner
Signature
/s/ Alexander Fenkell
Stock symbol
SDC
Transactions as of
Nov 18, 2020
Transactions value $
$0
Form type
4
Date filed
4/22/2022, 05:33 PM

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 +21.3K +16.85% $0.00 148K Nov 18, 2020 Direct F1, F2
transaction SDC Class A Common Stock Gift $0 -18.3K -12.41% $0.00 129K Jan 29, 2021 Direct F3
transaction SDC Class A Common Stock Award $0 +426K +329.29% $0.00 555K Feb 22, 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 -21.3K -0.47% $0.00 4.5M Nov 18, 2020 Class A Common Stock 21.3K 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.