Lucas Merwan Haldeman - Aug 24, 2021 Form 4/A - Amendment Insider Report for SmartRent, Inc. (SMRT)

Role
Chief Executive Officer, Director
Signature
/s/ Lucas Merwan Haldeman
Stock symbol
SMRT
Transactions as of
Aug 24, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
4/6/2023, 06:15 PM
Date Of Original Report
Aug 26, 2021
Next filing
Nov 30, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SMRT Employee Stock Options (Right to Buy) Award $0 +2.22M $0.00 2.22M Aug 24, 2021 Class A Common Stock 2.22M $0.64 Direct F1, F2, F3
transaction SMRT Employee Stock Options (Right to Buy) Award $0 +2.13M $0.00 2.13M Aug 24, 2021 Class A Common Stock 2.13M $0.47 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 26, 2021, the reporting person filed a Form 4 which inadvertently reported that the number of stock options held following the business combination was 2,372,195. However, as reported in this amendment, the correct number of stock options held by the reporting person was 2,218,729.
F2 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.
F3 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.
F4 On August 26, 2021, the reporting person filed a Form 4 which inadvertently reported that the number of stock options held following the business combination was 2,237,791. However, as reported in this amendment, the correct number of stock options held by the reporting person was 2,132,420.
F5 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.