Principal Holdings I LP 4
4 · Vivint Smart Home, Inc. · Filed Jan 22, 2020
Insider Transaction Report
Form 4
Principal Holdings I LP
10% Owner
Transactions
- Other
Class F common stock, par value $0.0001 per share
2020-01-17−4,297,500→ 0 total(indirect: By LLC)→ Class A common stock, par value $0.0001 per share
Footnotes (4)
- [F1]On January 17, 2020, Vivint Smart Home, Inc. (formerly Mosaic Acquisition Corp.), a Delaware corporation ("Issuer"), consummated its initial business combination (the "Business Combination") with Legacy Vivint Smart Home, Inc. (formerly Vivint Smart Home, Inc.), a Delaware corporation.
- [F2]Prior to the consummation of the Business Combination, the Reporting Person was the sole member of Fortress Mosaic Sponsor LLC ("Sponsor"), which directly owned 4,297,500 shares of Class F common stock, par value $0.0001 per share (the "Class F Shares"), of the Issuer. Pursuant to the Certificate of Incorporation of the Issuer in force prior to the Business Combination, the Class F Shares had no expiration date and (i) were convertible into shares of Class A common stock, par value $0.0001 per share ("Class A Shares"), of the Issuer at any time at the option of the holder on a one-for-one basis and (ii) were to automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment.
- [F3]Immediately prior to the consummation of the Business Combination, the Reporting Person transferred and assigned all of the equity interests of Sponsor to the Reporting Person's affiliate, Fortress Mosaic Holdings LLC, a Delaware limited liability company, for no consideration (the "Transfer").
- [F4]As a result of the Transfer, the Reporting Person has ceased to beneficially own more than 10% of the outstanding Class A Shares of the Issuer and has checked the box to indicate that it will no longer be subject to Section 16 reporting with respect to the Issuer.