Hwang Jung Taik 4
4 · Vivint Smart Home, Inc. · Filed Mar 3, 2022
Insider Transaction Report
Form 4
Hwang Jung Taik
Chief Technology Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-03-01−83,232→ 166,463 total→ Class A Common Stock (83,232 underlying) - Exercise/Conversion
Class A Common Stock
2022-03-01+89,634→ 406,428 total - Exercise/Conversion
Class A Common Stock
2022-03-01+83,232→ 489,660 total - Exercise/Conversion
Restricted Stock Units
2022-03-01−24,982→ 74,945 total→ Class A Common Stock (24,982 underlying) - Award
Restricted Stock Units
2022-03-01+74,945→ 74,945 total→ Class A Common Stock (74,945 underlying) - Exercise/Conversion
Class A Common Stock
2022-03-01+24,982→ 514,642 total - Award
Class A Common Stock
2022-03-01+24,982→ 539,624 total - Tax Payment
Class A Common Stock
2022-03-01$7.52/sh−98,827$743,179→ 440,797 total - Exercise/Conversion
Restricted Stock Units
2022-03-01−89,634→ 0 total→ Class A Common Stock (89,634 underlying)
Footnotes (7)
- [F1]Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2021. Of the performance-based restricted stock units deemed acquired on March 1, 2021, 50% vested immediately and the remaining 50% vested on March 1, 2022.
- [F2]Reflects restricted stock units that upon the vesting and then settlement converted into shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. Reflects an initial grant of 332,927 restricted stock units that vest in four equal annual installments beginning on January 17, 2021.
- [F3]Reflects a grant of restricted stock units that vest in four equal annual installments beginning on March 1, 2022.
- [F4]Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2022.
- [F5]Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting and settlement of the restricted stock units and performance-based restricted stock units described herein.
- [F6]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units will be settled in either Class A Common Stock or cash.
- [F7]Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2022. Of the performance-based restricted stock units deemed acquired on March 1, 2022, 25% vested immediately and the remaining 75% vest in three equal annual installments beginning on March 1, 2023. Therefore, upon certification of the award, the Reporting Person received 24,982 shares of Class A Common Stock and 74,945 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.