Vivint Smart Home (VVNT) executive Garen acquired 21,972 shares

Insider transactions reported

Daniel Garen (executive at Vivint Smart Home Inc., VVNT) reported that they acquired 21,972 shares, and gave up 8,257 shares at $11.91 to cover taxes or an exercise price on Dec 28, 2022. After these transactions the filing shows 75,280 shares held directly.

Reporting person

Garen Daniel

Options and other derivatives

Holdings before and after

• Class A Common Stock: 61,565 to 75,280 direct
• Restricted Stock Units: 260,869 to 26,786 direct

Footnotes from the filing

1. 1. In connection with the anticipated transactions contemplated by the Agreement and Plan of Merger, dated as of December 6, 2022, entered into by and among Vivint Smart Home, Inc. (the Issuer ), NRG Energy, Inc. ( Parent ), and Jetson Merger Sub, Inc., a wholly owned subsidiary of Parent ( Merger Sub ), pursuant to which Merger Sub will be merged with and into the Issuer (the Merger ), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent, the Board of Directors of the Issuer approved the acceleration of the payment of certain equity awards to mitigate certain adverse tax consequences under Section 280G or 4999 of the Internal Revenue Code of 1986, as amended, that could arise in connection with the Merger.
2. 2. The accelerated settlement described in this Form 4 is contingent upon the Reporting Person's agreement to repay accelerated compensation amounts if the Reporting Person ceases to be employed with the Issuer prior to the date which any of his equity awards described herein would otherwise vest, subject to any outstanding accelerated vesting provisions.
3. 3. Each restricted stock unit ( RSU ) represents a contingent right to receive one share of Class A common stock of the Issuer ( Class A Common Stock ). The RSUs will be settled in either Class A Common Stock or cash.
4. 4. Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting of RSUs.
5. 5. On August 23, 2021, the Reporting Person was granted 347,826 RSUs that vest in four equal annual installments beginning on August 23, 2022. The number of RSUs reported represents 15% of the number of RSUs that was scheduled to vest on August 23, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant.
6. 6. On March 23, 2022, the Reporting Person was granted 35,715 RSUs that vest in four equal annual installments beginning on March 23, 2023. The number of RSUs reported represents 100% of the number of RSUs that was scheduled to vest on March 23, 2023. The remaining unvested RSUs will vest in accordance with the terms of the initial grant.

Transaction codes in this filing

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

Shares withheld for taxes or exercise price:

Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.

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