SmartRent, Inc. — Director's Dealing 2021

Aug 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SmartRent, Inc. (SMRT)
CIK: 0001837014
Period of Report: 2021-08-24

Reporting Person: Haldeman Lucas Merwan (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-24	Class A Common Stock	A	10854029	—	Acquired	10854029	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-24	Employee Stock Options (Right to Buy)	$0.64	A	2372195	Acquired	2030-11-18	Class A Common Stock (2372195)	Direct
2021-08-24	Employee Stock Options (Right to Buy)	$0.47	A	2237791	Acquired	2029-08-17	Class A Common Stock (2237791)	Direct
2021-08-24	Restricted Stock Units	$	A	488455	Acquired		Class A Common Stock (488455)	Direct
2021-08-24	Restricted Stock Units	$	A	73022	Acquired		Class A Common Stock (73022)	Direct
2021-08-24	Restricted Stock Units	$	A	82645	Acquired		Class A Common Stock (82645)	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: The stock options shall vest as follows: one-fourth of shall vest and become exercisable on November 18, 2021, with the remaining shares vesting in equal monthly installments until vested in full.

F3: The stock option is currently vested and exercisable as to 2,043,569 shares with the remaining shares vesting in 1/48 equal monthly installments until fully vested on October 21, 2021.

F4: Each restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock, par value $0.001 per share.

F5: The restricted stock units shall vest as follows: one-fourth shall vest on April 19, 2022, with the remaining vesting in 1/48 equal monthly installments until vested in full.

F6: The restricted stock units shall vest as follows: one-fourth shall vest on August 24, 2022, with the remaining vesting in 1/48 equal monthly installments until vested in full.

F7: 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.