Item 8.01 Other Events.

On February 17, 2023, a jury in the U.S. District Court, Western District of North Carolina, Charlotte Division, issued a verdict against Vivint Smart Home, Inc. ("Vivint"), in favor of CPI Security Systems, Inc. ("CPI") for $49.7 million of compensatory damages and an additional $140 million of punitive damages in a lawsuit filed by CPI in 2020 regarding alleged historical practices by certain Vivint sales personnel.

Vivint believes the verdict is not legally or factually supported and intends to pursue post-judgment remedies and file an appeal and will continue to examine all legal options available to it.

Forward-Looking Statements

This filing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements can be identified by terms and phrases such as "anticipate," "believe," "intend," "estimate," "expect," "continue," "could," "should," "may," "plan," "project," "predict" and similar expressions. Vivint cautions readers of this filing that such "forward-looking statements" are necessarily estimates reflecting the judgment of Vivint's senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the "forward-looking statements." For a more detailed discussion of factors that could cause Vivint's actual results to differ materially from those expressed or implied in such forward-looking statements, see the information under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Vivint's most recent Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (the "SEC") on March 1, 2022 and in subsequent SEC filings. With respect to the matters addressed in this filing, no assurances can be made regarding the outcome of Vivint's litigation with CPI.

Vivint's forward-looking statements speak only as of the date of this filing or as of the date they are made. Except as may be required by applicable law, Vivint disclaims any intent or obligation to update any "forward-looking statement" made in this filing to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

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