Key facts
- This page summarizes Rasesh M. Patel's Form 4 filing for Vivint Smart Home, Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 14 Mar 2023, 21:33.
Rasesh M. Patel - 10 Mar 2023 Form 4 Insider Report for Vivint Smart Home, Inc.
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- N/A
- Reported as of
- 10 Mar 2023
- Net transaction value
- -$601,800
- SEC form
- 4
- Accepted by SEC
- 14 Mar 2023, 21:33:54 UTC
- Prior SEC filing
- 30 Dec 2022
- Next SEC filing
- 03 May 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Garner B. Meads, III, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Rasesh M. Patel filed Form 4 for Vivint Smart Home, Inc. on 14 Mar 2023.
Change
- Previous filing in this sequence was filed on 30 Dec 2022.
- Current net transaction value: -$601,800.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VVNT
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $601,800
- Shares
- -50,150
- Change %
- -100%
- Price
- $12.00
- Shares after
- 0
- Date
- 10 Mar 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VVNT
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -1,143,662
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 10 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,143,662
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Rasesh M. Patel is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
On March 10, 2023, NRG Energy, Inc. ("NRG") acquired Vivint Smart Home, Inc. (the "Issuer") pursuant to that certain Agreement and Plan of Merger dated as of December 6, 2022 (the "Merger Agreement") by and among the Issuer, NRG and Jetson Merger Sub, Inc., a wholly owned subsidiary of NRG ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of NRG. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of Class A common stock, par value $0.0001 per share, of the Issuer (the "Common Stock") (other than certain excluded shares) automatically converted into the right to receive $12.00 per share in cash, without interest (the "Merger Consideration").
Footnote F2
Each restricted stock unit ("RSU") represented a contingent right to receive one share of Common Stock. The RSUs were to be settled in either Common Stock or cash.
Footnote F3
Pursuant to the Merger Agreement, unvested RSUs of the Issuer were automatically converted into a number of NRG RSUs calculated as the product of (i) the number of shares underlying such Issuer RSU award and (ii) the ratio of the Merger Consideration divided by the average of the closing sales price of NRGs common stock, par value $0.01 per share for the ten (10) consecutive full trading days ending on the trading day immediately preceding the closing date (the "Exchange Ratio"). Such NRG RSUs will continue to be subject to the same terms and conditions (including vesting and termination treatment) as were applicable to the Issuer RSUs.
Footnote F4
Reflects an initial grant of 1,232,394 RSUs. 354,930 RSUs vest on May 16, 2023 with the remaining grant to vest as follows: 36% on May 16, 2024 and 14% on each of May 16, 2025 and May 16, 2026.