Fenkell Alexander J. 4
4 · SmileDirectClub, Inc. · Filed Apr 22, 2022
Insider Transaction Report
Form 4
Fenkell Alexander J.
Director10% Owner
Transactions
- Award
Class A Common Stock
2022-02-22+425,531→ 554,757 total - Conversion
SDC Financial Common Units
2020-11-18−21,275→ 4,497,779 total(indirect: By Trust)→ Class A Common Stock (21,275 underlying) - Gift
Class A Common Stock
2021-01-29−18,316→ 129,226 total - Conversion
Class A Common Stock
2020-11-18+21,275→ 147,542 total
Footnotes (5)
- [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.