William Wei Wang - Jul 1, 2023 Form 4 Insider Report for Vizio Holding Corp. (VZIO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jerry Huang, under power of attorney
Stock symbol
VZIO
Transactions as of
Jul 1, 2023
Transactions value $
$0
Form type
4
Date filed
7/5/2023, 05:42 PM
Previous filing
Jun 7, 2023
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZIO Class A Common Stock Conversion of derivative security $0 +634K $0.00* 0 Jul 1, 2023 See Footnote F1, F2, F3
holding VZIO Class A Common Stock 1.67M Jul 1, 2023 Direct F4

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 VZIO Class B Common Stock Conversion of derivative security $0 -634K -100% $0.00* 0 Jul 1, 2023 Class A Common Stock 634K See Footnote F1, F2, F3, F5, F6
holding VZIO Class B Common Stock 63.9M Jul 1, 2023 Class A Common Stock 63.9M See Footnote F5, F6, F7
holding VZIO Class B Common Stock 5.71M Jul 1, 2023 Class A Common Stock 5.71M See Footnote F5, F6, F8
holding VZIO Class B Common Stock 1.84M Jul 1, 2023 Class A Common Stock 1.84M See Footnote F5, F6, F9
holding VZIO Class B Common Stock 4.74M Jul 1, 2023 Class A Common Stock 4.74M See Footnote F5, F6, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective July 1, 2023, the Reporting Person's sister was appointed as trustee of the W. Wang 2021 GRAT, dated February 22, 2021 ("W. Wang 2021 GRAT"). Pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation, upon this change in trustee, each share of Class B Common Stock held by the W. Wang 2021 GRAT automatically converted into one share of Class A Common Stock (the "2021 GRAT Share Conversion")
F2 Following the 2021 GRAT Share Conversion, the Reporting Person no longer has beneficial ownership over the shares held by the W. Wang 2021 GRAT .
F3 These shares are held by the W. Wang 2021 GRAT, dated February 22, 2021, of which the Reporting Person's sister replaced the Reporting Person as Trustee.
F4 Certain of these securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F5 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F6 The number of shares held reflects: (i) the transfer on March 8, 2022 of 2,588,566 shares of Class B Common Stock from the 2021 W. Wang GRAT to the William W. Wang Separate Property Trust, (ii) the transfer on March 9, 2022 of 3,500,000 shares of Class B Common Stock from the William Wang Separate Property Trust to the 2022 W. Wang GRAT, dated March 8, 2022 (the "W. Wang 2022 GRAT"), (iii) the transfer on March 8, 2023 of 3,077,249 shares of Class B Common Stock from the W. Wang 2021 GRAT and 1,996,554 shares of Class B Common Stock from the W. Wang 2022 GRAT to the W. Wang 2023 GRAT, dated March 9, 2023 (the "W. Wang 2023 GRAT"), (iv) the transfer on March 13, 2023 of 332,759 shares of Class B Common Stock from the W. Wang 2023 GRAT to the W. Wang 2022 GRAT, and (v) the transfer on July 1, 2023 of 873,000 shares of Class B Common Stock from William Wang to the Wang Family Trust.
F7 These shares are held by The William W. Wang Separate Property Trust, of which the Reporting Person serves as Trustee.
F8 These shares are held by the Wang Family Trust, of which the Reporting Person and his spouse serve as Trustees.
F9 These shares are held by the W. Wang 2022 GRAT, of which the Reporting Person serves as Trustee.
F10 These shares are held by the W. Wang 2023 GRAT, of which the Reporting Person serves as Trustee.