Form 4: SmartFinancial CEO Sells Shares for Tax Obligation

SmartFinancial Inc. CEO William Young Carroll Jr. reported a sale of 1,807 shares of common stock to cover tax liabilities.

Summary

• William Young Carroll Jr., President and CEO, and a Director of SmartFinancial Inc. (SMBK), reported a transaction.
• On January 1, 2026, Carroll disposed of 1,807 shares of SmartFinancial Common Stock.
• The shares were sold at a price of $36.99 per share.
• This transaction was coded as 'F', indicating a payment of tax liability by withholding securities.
• Following the transaction, Carroll directly beneficially owns 123,644 shares of Common Stock.
• Additionally, Carroll indirectly beneficially owns 42,666 shares through the William Carroll, Jr. Decendent Trust.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction (tax withholding) and does not contain information that would significantly alter the company's fundamental outlook or market sentiment.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report, common across all industries, reflecting a corporate officer's compliance with tax obligations related to equity compensation. It does not provide specific insights into broader industry trends or competitive positioning for SmartFinancial Inc. within the financial services sector.

Stakeholder Impact

• Shareholders: The transaction represents a minor, non-discretionary reduction in insider ownership, unlikely to have a material impact on shareholder confidence or the company's strategic direction.

Key Dates

Keywords

SmartFinancial Inc., SMBK, Insider Trading, Form 4, Stock Sale, CEO, Tax Withholding, Common Stock, Beneficial Ownership