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SmartRent, Inc. — Director's Dealing 2021
Aug 27, 2021
33316_dirs_2021-08-26_146fd3a6-b596-4b9e-beb9-9e3ab16d1248.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SmartRent, Inc. (SMRT)
CIK: 0001837014
Period of Report: 2021-08-24
Reporting Person: Best Robert T. (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-24 | Class A Common Stock | A | 4596222 | — | Acquired | 4596222 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-24 | Restricted Stock Units | $ | A | 20661 | Acquired | Class A Common Stock (20661) | Direct | |
| 2021-08-24 | Restricted Stock Units | $ | A | 12397 | Acquired | Class A Common Stock (12397) | Direct |
Footnotes
F1: Pursuant to the business combination of Fifth Wall Acquisition Corp. I and SmartRent.com, Inc. ("Legacy SmartRent"), each share of Legacy SmartRent outstanding common and preferred stock and common stock underlying outstanding warrants was automatically converted into shares of the issuer's Class A Common Stock based on a 1-to-4.8846 exchange ratio (the "Exchange Ratio"). In addition, each outstanding Legacy SmartRent equity award was automatically converted into a corresponding equity award of the issuer based on the Exchange Ratio and with the same terms and vesting conditions as the Legacy SmartRent equity awards.
F2: Mr. Best, as trustee, has voting and dispositive power over the trust assets and Mr. Best, Mrs. Sheri Best (wife), Colin Best (son), Ryan Best (son), Connor Best (son), and Cameron Doering (daughter) are the beneficiaries of the trust.
F3: Each restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock.
F4: One-third of the restricted stock units vest on August 24, 2022, and one-third will vest on the 12-month anniversary thereof each year until vested in full.
F5: The restricted stock units will vest in full on the earlier of (a) August 24, 2022 or (b) the date immediately prior to the next annual meeting of the issuer's stockholders occurring after the date of grant.