Form 4 for SMRT SmartRent, Inc.
Accepted 2021-08-26 00:00:00 ET · period of report 2021-08-24 · accession 0000899243-21-034371 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-08-26 | 2021-08-24 | SMRT | Best Robert T. | Dir | A - Grant | — | +4.60M | 4.60M | New | — |
| DM | 2021-08-26 | 2021-08-24 | SMRT | Best Robert T. | Dir | A - Grant | $0.00 | +33.1K | 20.7K | 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 | 4,596,222 | — | 4,596,222 | I Best Family Trust, est. October 2, 2001 | — | — | (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. |
| 2 | Derivative | Restricted Stock Units | 2021-08-24 | A | A | 12,397 | $0.00 | 12,397 | D | — · — to — | 12,397 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock. (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. |
| 3 | Derivative | Restricted Stock Units | 2021-08-24 | A | A | 20,661 | $0.00 | 20,661 | D | — · — to — | 20,661 Class A Common Stock | (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. |