William Wei Wang - May 30, 2024 Form 4 Insider Report for Vizio Holding Corp. (VZIO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jerry Huang, under power of attorney
Stock symbol
VZIO
Transactions as of
May 30, 2024
Transactions value $
$0
Form type
4
Date filed
6/3/2024, 05:32 PM
Previous filing
May 24, 2024
Next filing
Jun 10, 2024

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 +4.78K $0.00* 0 May 30, 2024 See Footnote F1, F2, F3
transaction VZIO Class A Common Stock Conversion of derivative security $0 +900K $0.00* 0 May 31, 2024 See Footnote F4, F5
holding VZIO Class A Common Stock 1.53M May 30, 2024 Direct F6

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 -4.78K -100% $0.00* 0 May 30, 2024 Class A Common Stock 4.78K See Footnote F1, F2, F3, F7, F8
transaction VZIO Class B Common Stock Conversion of derivative security $0 -900K -1.33% $0.00 66.9M May 31, 2024 Class A Common Stock 900K See Footnote F4, F7, F9, F10
holding VZIO Class B Common Stock 5.71M May 30, 2024 Class A Common Stock 5.71M See Footnote F7, F11
holding VZIO Class B Common Stock 2.63M May 30, 2024 Class A Common Stock 2.63M See Footnote F7, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective May 30, 2024, the Reporting Person's sister was appointed as trustee of the W. Wang 2022 GRAT, dated March 8, 2022 (the "W. Wang 2022 GRAT"). Pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation, upon this change in trustee, each share of Class B Common Stock held by the W. Wang 2022 GRAT automatically converted into one share of Class A Common Stock (the "2022 GRAT Share Conversion").
F2 Following the 2022 GRAT Share Conversion, the Reporting Person no longer has beneficial ownership over the shares held by the W. Wang 2022 GRAT.
F3 These shares are held by the W. Wang 2022 GRAT, of which the Reporting Person's sister replaced the Reporting Person as Trustee.
F4 Effective May 31, 2024, The William W. Wang Separate Property Trust, of which the Reporting Person serves as Trustee (the "Separate Property Trust"), transferred 900,000 shares of Class B Common Stock to a donor advised fund. Pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation, upon this change in ownership, each such share of transferred Class B Common Stock held by the Separate Property Trust automatically converted into one share of Class A Common Stock (the "Separate Property Trust Transfer Share Conversion").
F5 Following the Separate Property Trust Transfer Share Conversion, the Reporting Person no longer has beneficial ownership over the shares transferred to a donor advised fund.
F6 Certain of these securities are 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.
F7 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.
F8 The number of shares held reflects the transfer on May 30, 2024 of 1,831,426 shares of Class B Common Stock from the W. Wang 2022 GRAT to the Separate Property Trust.
F9 The number of shares held reflects: (i) the transfer on May 30, 2024 of 1,831,426 shares of Class B Common Stock from the W. Wang 2022 GRAT to the Separate Property Trust, (ii) the transfer on May 30, 2024 of 2,112,323 shares of Class B Common Stock from the W. Wang 2023 GRAT, of which the Reporting Person serves as Trustee (the "W. Wang 2023 GRAT"), to the Separate Property Trust, and (iii) the transfer on May 31, 2024 of 900,000 shares of Class B Common Stock from the Separate Property Trust to a donor advised fund.
F10 These shares are held by The William W. Wang Separate Property Trust, of which the Reporting Person serves as Trustee.
F11 These shares are held by the Wang Family Trust, of which the Reporting Person and his spouse serve as Trustees.
F12 The number of shares held reflects the transfer on May 30, 2024 of 2,112,323 shares of Class B Common Stock from the W. Wang 2023 GRAT to the Separate Property Trust.
F13 These shares are held by the W. Wang 2023 GRAT, (Mar 9, 2023), of which the Reporting Person serves as Trustee.