Form 4 for SMRT SmartRent, Inc.
Accepted 2022-05-06 00:00:00 ET · period of report 2022-04-22 · accession 0001209191-22-027648 · 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 | 2022-05-06 | 2022-05-04 | SMRT | RETV GP II, LLC | 10% | X - OptEx | $0.00 | +937.0K | 6.65M | +16% | $0 |
| DI | 2022-05-06 | 2022-04-22 | SMRT | RETV GP II, LLC | 10% | J - Other | $0.00 | +937.0K | 937.0K | New | $0 |
| DI | 2022-05-06 | 2022-05-04 | SMRT | RETV GP II, LLC | 10% | X - OptEx | $0.00 | -937.0K | 0 | -100% | $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 | 2022-05-04 | X | A | 937,018 | $0.00 | 6,653,939 | I By RET Ventures SPV I, L.P. | — | — | (F1) Shares are held directly by RET Ventures SPV I, L.P. ("RET SPV I"). RETV GP, LLC ("RET GP I") is the general partner of RET SPV I and may be deemed to beneficially own the shares held by RET SPV I. John Helm is the Managing Director of RET GP I, and may be deemed to share voting and investment power over the shares held by RET SPV I. Each of RET GP I and Mr. Helm disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein. |
| 2 | Derivative | Warrant | 2022-04-22 | J | A | 937,018 | $0.00 | 937,018 | I By RET Ventures SPV I, L.P. | $0.00 · — to 2030-04-23 | 937,018 Class A Common Stock | (F1) Shares are held directly by RET Ventures SPV I, L.P. ("RET SPV I"). RETV GP, LLC ("RET GP I") is the general partner of RET SPV I and may be deemed to beneficially own the shares held by RET SPV I. John Helm is the Managing Director of RET GP I, and may be deemed to share voting and investment power over the shares held by RET SPV I. Each of RET GP I and Mr. Helm disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein. (F10) Reflects the determination of the exercisability of the second tranche of a warrant (the "Warrant") received by RET Ventures SPV I, L.P. on August 14, 2021 in connection with the closing (the "Closing") of the business combination between the Issuer, Einstein Merger Corp. I. and SmartRent.com, Inc. The Warrant, which initially provided for the purchase of up to 1,874,036 shares of Class A Common Stock, was subject to vesting in two discrete increments of 50% of the total subject shares upon the achievement of commercial milestones. As of the Closing, the second performance-based vesting condition had not been met and, accordingly, this tranche was not previously reportable on the Reporting Persons' Section 16 reports. The Reporting Persons were informed by the Issuer on April 22, 2022 that the Issuer had determined that the performance-based vesting condition of the second tranche had been satisfied. |
| 3 | Derivative | Warrant | 2022-05-04 | X | D | 937,018 | $0.00 | 0 | I By RET Ventures SPV I, L.P. | $0.00 · — to 2030-04-23 | 937,018 Class A Common Stock | (F1) Shares are held directly by RET Ventures SPV I, L.P. ("RET SPV I"). RETV GP, LLC ("RET GP I") is the general partner of RET SPV I and may be deemed to beneficially own the shares held by RET SPV I. John Helm is the Managing Director of RET GP I, and may be deemed to share voting and investment power over the shares held by RET SPV I. Each of RET GP I and Mr. Helm disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein. (F10) Reflects the determination of the exercisability of the second tranche of a warrant (the "Warrant") received by RET Ventures SPV I, L.P. on August 14, 2021 in connection with the closing (the "Closing") of the business combination between the Issuer, Einstein Merger Corp. I. and SmartRent.com, Inc. The Warrant, which initially provided for the purchase of up to 1,874,036 shares of Class A Common Stock, was subject to vesting in two discrete increments of 50% of the total subject shares upon the achievement of commercial milestones. As of the Closing, the second performance-based vesting condition had not been met and, accordingly, this tranche was not previously reportable on the Reporting Persons' Section 16 reports. The Reporting Persons were informed by the Issuer on April 22, 2022 that the Issuer had determined that the performance-based vesting condition of the second tranche had been satisfied. |