Form 4: SmartFinancial Chairman Sells Shares for Tax Obligations

SmartFinancial Inc. Chairman Wesley Miller Welborn reported a disposition of 1,305 common shares to cover tax withholding obligations at a price of $36.99 per share.

Summary

• Wesley Miller Welborn, Chairman of the Board and Director of SmartFinancial Inc., reported a transaction.
• On January 1, 2026, 1,305 shares of Common Stock were disposed of.
• The transaction code 'F' indicates a disposition to the issuer to satisfy tax withholding obligations.
• The shares were disposed of at a price of $36.99 per share.
• Following this transaction, Welborn directly owns 95,633 shares of Common Stock.
• Additionally, Welborn indirectly owns shares through various trusts and a spouse: 14,167 shares each via Margaret Polfrey Welborn Trust, Elizabeth Houston Welborn Trust, and Ann Miller Welborn Trust, and 4,725 shares via spouse.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction (tax withholding) and does not reflect a change in investment sentiment by the insider.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in the insider's investment thesis or company fundamentals.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by the Chairman to cover tax withholding obligations. Such transactions are common for executives receiving equity compensation and do not typically signal a change in the company's fundamentals or the insider's long-term view. Therefore, it provides no new information to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

SmartFinancial Inc., SMBK, Wesley Miller Welborn, Insider Transaction, Form 4, Share Sale, Tax Withholding, Common Stock, Director, Chairman