Form 4 for SMRT SmartRent, Inc.
Accepted 2021-08-26 00:00:00 ET · period of report 2021-08-24 · accession 0000899243-21-034354 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-26 | 2021-08-24 | SMRT | Haldeman Lucas Merwan | CEO, Dir | A - Grant | — | +10.85M | 10.85M | New | — |
| DM | 2021-08-26 | 2021-08-24 | SMRT | Haldeman Lucas Merwan | CEO, Dir | A - Grant | $0.00 | +5.25M | 82.6K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-08-24 | A | A | 10,854,029 | — | 10,854,029 | D | — | — | (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. |
| 2 | Derivative | Restricted Stock Units | 2021-08-24 | A | A | 488,455 | $0.00 | 488,455 | D | — · — to — | 488,455 Class A Common Stock | (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. (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. |
| 3 | Derivative | Restricted Stock Units | 2021-08-24 | A | A | 73,022 | $0.00 | 73,022 | D | — · — to — | 73,022 Class A Common Stock | (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. (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. |
| 4 | Derivative | Employee Stock Options (Right to Buy) | 2021-08-24 | A | A | 2,372,195 | $0.00 | 2,372,195 | D | $0.64 · — to 2030-11-18 | 2,372,195 Class A Common Stock | (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. (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. |
| 5 | Derivative | Employee Stock Options (Right to Buy) | 2021-08-24 | A | A | 2,237,791 | $0.00 | 2,237,791 | D | $0.47 · — to 2029-08-17 | 2,237,791 Class A Common Stock | (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. (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. |
| 6 | Derivative | Restricted Stock Units | 2021-08-24 | A | A | 82,645 | $0.00 | 82,645 | D | — · — to — | 82,645 Class A Common Stock | (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. (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. |