Form 4: SmartFinancial Inc. Director John M. Presley Sells Shares
SEC Form 4 Filing
Director John M. Presley of SmartFinancial Inc. sold 7,500 shares of common stock at $22.65 per share on May 29, 2024.
Summary
- On May 29, 2024, John M. Presley, a director of SmartFinancial Inc. (SMBK), sold 7,500 shares of the company's common stock.
- The sale price was $22.65 per share.
- Following the transaction, Presley directly owns 3,960 shares and indirectly owns 35,073 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company's stock, and these transactions are reported to the SEC to ensure transparency.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the director's reasons for selling.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of stock sale transaction |
| 05/30/2024 | Date of signature on the Form 4 filing |
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