Form 4: SMARTFINANCIAL CAO Reports Share Disposition

SMARTFINANCIAL's Chief Accounting Officer, Cynthia A. Cain, reported the disposition of 445 common shares at $36.99 each on January 1, 2026, primarily to cover tax obligations.

Summary

• Cynthia A. Cain, Chief Accounting Officer (CAO) of SMARTFINANCIAL INC. (SMBK), reported a change in beneficial ownership.
• On January 1, 2026, Cain disposed of 445 shares of Common Stock.
• The transaction was executed at a price of $36.99 per share.
• The transaction code "F" indicates that the disposition was for the payment of exercise price or tax liability by delivering or withholding securities.
• Following this transaction, Cain beneficially owns 10,142 shares of Common Stock directly.
• The reported beneficial ownership includes shares acquired through the SMBK Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares for tax liability, which is a neutral event and does not reflect a change in management's confidence in the company's prospects.

Positives

• The transaction is identified as a disposition for tax liability (Transaction Code 'F'), which is a routine event and not typically indicative of a lack of confidence in the company.
• The reporting person continues to hold a significant number of shares (10,142), indicating continued alignment with shareholder interests.

Negatives

• A reduction in insider ownership, even if for tax purposes, technically decreases the total shares held by a key executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing, detailing an insider's routine share disposition for tax purposes, does not provide sufficient information to analyze broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but the nature of the transaction (tax-related) suggests no negative signal regarding company performance or outlook. The remaining significant holding indicates continued alignment.

Key Dates

Keywords

SMARTFINANCIAL, SMBK, Form 4, Insider Transaction, Cynthia Cain, Chief Accounting Officer, Stock Disposition, Tax Withholding, Beneficial Ownership