Home > Insider Trading > Filing (0001775625-21-000017)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1775625	Smiledirectclub Inc.	SDC	Dental Equipment & Supplies (3843)	834505317

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1785238	Greenspon Susan Rammelt	C/O Smiledirectclub, Inc. 414 Union Street Nashville TN 37219	Evp, Clo, Secretary	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2021-01-27	75,000	$0.00	353,473	No	4	C	Direct
Class A Common Stock	Disposition	2021-01-27	75,000	$15.00	278,473	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	SDC Financial Common Units	Disposition	2021-01-27	75,000	$0.00	75,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
203,443			No	4	C	Direct

Footnotes

Pursuant to the terms of the Seventh Amended and Restated Limited Liability Company Agreement of SDC Financial, LLC, a Delaware limited liability company ("SDC Financial"), the reporting person may exchange all or a portion of its common membership interests ("Common Units") in SDC Financial (with automatic cancellation of an equal number of shares of non-economic Class B common stock of the Issuer's ("Class B common stock") for shares of Class A common stock of the Issuer's ("Class A common stock") on a one-for-one basis, subject to customary adjustments, or, at the option of the disinterested members of the board of directors of the Issuer, cash (based on the then-market value of the shares of Class A common stock). The Class B common stock initially entitles holders to ten votes per share and will vote as a single class with the Class A common stock, but has no economic rights, and is subject to forfeiture upon exchange of the reporting person's Common Units.
The transaction reported is the exchange of the Common Units for shares of Class A common stock.
The transactions reported in this Form 4 were effected pursuant to rule 10b5-1 trading plan adopted by the reporting person on May 28, 2020.
These units can be exchanged at any time as described in footnote 1.
Represents both vested and unvested Common Units and corresponding shares of Class B common stock. The unvested portion vests in equal monthly installments through September 2021.