Form 4 for SMRT SmartRent, Inc.

Accepted 2022-07-29 00:00:00 ET · period of report 2022-07-27 · accession 0000899243-22-027094 · 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
MI	2022-07-29	2022-07-27+	SMRT	Agarwal Ajay	10%	S - Sale	$5.26	-206.7K	20.34M	-1%	-$1.09M

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	2022-07-29	S	D	51,967	$5.62	20,288,048	I See footnotes	—	—	(F6) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $5.36 to $5.71, inclusive. (F3) The governance, investment strategy and decision-making process with respect to the investments held by the Bain Capital Venture Entities is directed by the Executive Committee of BCVI, which consists of Enrique Salem and Ajay Agarwal. As a result, BCVI and Messrs. Salem and Agarwal may be deemed to share voting and dispositive power with respect to the securities held by the Bain Capital Venture Entities. BCVI and Messrs. Salem and Agarwal disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein. (F1) Bain Capital Venture Investors, LLC ("BCVI") is the manager of Bain Capital Venture Investors 2019, LLC ("BCVI 2019"), which is the general partner of each of Bain Capital Venture Fund 2019, L.P. ("BCV Fund 2019") and BCV 2019-MD Primary, L.P. ("BCV MD Primary"). As a result, BCVI 2019 may be deemed to share voting and dispositive power with respect to the shares of the Issuer's Class A Common Stock held by BCV Fund 2019 and BCV MD Primary. BCVI 2019 disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. On July 27, 2022, July 28, 2022 and July 29, 2022, BCV Fund 2019 sold 69,676, 65,036 and 45,250 shares of the Issuer's Class A Common Stock, respectively, and BCV MD Primary sold 2,680, 2,501 and 1,740 shares of the Issuer's Class A Common Stock, respectively. Following such sales, BCV Fund 2019 and BCV MD Primary held 17,665,418 and 679,445 shares of the Issuer's Class A Common Stock, respectively. (F2) Boylston Coinvestors, LLC is the general partner of each of BCIP Venture Associates II, L.P. ("BCIP Venture II") and BCIP Venture Associates II-B, LP ("BCIP Venture II-B" and, together with BCV Fund 2019, BCV MD Primary and BCIP Venture II, the "Bain Capital Venture Entities"). On July 27, 2022, July 28, 2022 and July 29, 2022, BCIP Venture II sold 7,089, 6,616 and 4,603 shares of the Issuer's Class A Common Stock, respectively, and BCIP Venture II-B sold 576, 538 and 374 shares of the Issuer's Class A Common Stock, respectively. Following such sales, BCIP Venture II and BCIP Venture II-B held 1,797,183 and 146,002 shares of the Issuer's Class A Common Stock, respectively.
2	Common	Class A Common Stock	2022-07-27	S	D	80,021	$4.97	20,414,706	I See footnotes	—	—	(F4) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.86 to $5.10, inclusive. The reporting persons undertake to provide to the Issuer, any securityholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (6) to this Form 4. (F3) The governance, investment strategy and decision-making process with respect to the investments held by the Bain Capital Venture Entities is directed by the Executive Committee of BCVI, which consists of Enrique Salem and Ajay Agarwal. As a result, BCVI and Messrs. Salem and Agarwal may be deemed to share voting and dispositive power with respect to the securities held by the Bain Capital Venture Entities. BCVI and Messrs. Salem and Agarwal disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein. (F1) Bain Capital Venture Investors, LLC ("BCVI") is the manager of Bain Capital Venture Investors 2019, LLC ("BCVI 2019"), which is the general partner of each of Bain Capital Venture Fund 2019, L.P. ("BCV Fund 2019") and BCV 2019-MD Primary, L.P. ("BCV MD Primary"). As a result, BCVI 2019 may be deemed to share voting and dispositive power with respect to the shares of the Issuer's Class A Common Stock held by BCV Fund 2019 and BCV MD Primary. BCVI 2019 disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. On July 27, 2022, July 28, 2022 and July 29, 2022, BCV Fund 2019 sold 69,676, 65,036 and 45,250 shares of the Issuer's Class A Common Stock, respectively, and BCV MD Primary sold 2,680, 2,501 and 1,740 shares of the Issuer's Class A Common Stock, respectively. Following such sales, BCV Fund 2019 and BCV MD Primary held 17,665,418 and 679,445 shares of the Issuer's Class A Common Stock, respectively. (F2) Boylston Coinvestors, LLC is the general partner of each of BCIP Venture Associates II, L.P. ("BCIP Venture II") and BCIP Venture Associates II-B, LP ("BCIP Venture II-B" and, together with BCV Fund 2019, BCV MD Primary and BCIP Venture II, the "Bain Capital Venture Entities"). On July 27, 2022, July 28, 2022 and July 29, 2022, BCIP Venture II sold 7,089, 6,616 and 4,603 shares of the Issuer's Class A Common Stock, respectively, and BCIP Venture II-B sold 576, 538 and 374 shares of the Issuer's Class A Common Stock, respectively. Following such sales, BCIP Venture II and BCIP Venture II-B held 1,797,183 and 146,002 shares of the Issuer's Class A Common Stock, respectively.
3	Common	Class A Common Stock	2022-07-28	S	D	74,691	$5.33	20,340,015	I See footnotes	—	—	(F5) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $5.04 to $5.46, inclusive. (F3) The governance, investment strategy and decision-making process with respect to the investments held by the Bain Capital Venture Entities is directed by the Executive Committee of BCVI, which consists of Enrique Salem and Ajay Agarwal. As a result, BCVI and Messrs. Salem and Agarwal may be deemed to share voting and dispositive power with respect to the securities held by the Bain Capital Venture Entities. BCVI and Messrs. Salem and Agarwal disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein. (F1) Bain Capital Venture Investors, LLC ("BCVI") is the manager of Bain Capital Venture Investors 2019, LLC ("BCVI 2019"), which is the general partner of each of Bain Capital Venture Fund 2019, L.P. ("BCV Fund 2019") and BCV 2019-MD Primary, L.P. ("BCV MD Primary"). As a result, BCVI 2019 may be deemed to share voting and dispositive power with respect to the shares of the Issuer's Class A Common Stock held by BCV Fund 2019 and BCV MD Primary. BCVI 2019 disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. On July 27, 2022, July 28, 2022 and July 29, 2022, BCV Fund 2019 sold 69,676, 65,036 and 45,250 shares of the Issuer's Class A Common Stock, respectively, and BCV MD Primary sold 2,680, 2,501 and 1,740 shares of the Issuer's Class A Common Stock, respectively. Following such sales, BCV Fund 2019 and BCV MD Primary held 17,665,418 and 679,445 shares of the Issuer's Class A Common Stock, respectively. (F2) Boylston Coinvestors, LLC is the general partner of each of BCIP Venture Associates II, L.P. ("BCIP Venture II") and BCIP Venture Associates II-B, LP ("BCIP Venture II-B" and, together with BCV Fund 2019, BCV MD Primary and BCIP Venture II, the "Bain Capital Venture Entities"). On July 27, 2022, July 28, 2022 and July 29, 2022, BCIP Venture II sold 7,089, 6,616 and 4,603 shares of the Issuer's Class A Common Stock, respectively, and BCIP Venture II-B sold 576, 538 and 374 shares of the Issuer's Class A Common Stock, respectively. Following such sales, BCIP Venture II and BCIP Venture II-B held 1,797,183 and 146,002 shares of the Issuer's Class A Common Stock, respectively.