Form 4: SmartRent CFO Daryl Stemm Reports Stock Transactions
SEC Form 4 Filing
SmartRent's CFO, Daryl Stemm, reported the acquisition and disposal of Class A Common Stock and the vesting of Restricted Stock Units on April 18 and 19, 2024.
Summary
- On April 18, 2024, Daryl Stemm, CFO of SmartRent, Inc., acquired 834 shares of Class A Common Stock through the vesting of Restricted Stock Units and disposed of 350 shares to cover tax obligations at a price of $2.46 per share.
- Following these transactions on April 18, Stemm directly owned 45,521 shares of Class A Common Stock.
- On April 19, 2024, Stemm acquired 2,544 shares of Class A Common Stock through the vesting of additional Restricted Stock Units and disposed of 1,065 shares to cover tax obligations at a price of $2.36 per share.
- After the April 19 transactions, Stemm directly owned 47,000 shares of Class A Common Stock and 30,529 Restricted Stock Units that vest monthly.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency to investors regarding the buying and selling activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/19/2022 | Initial vesting date for a portion of the Restricted Stock Units, with the remaining vesting in monthly installments. |
| 01/18/2023 | Initial vesting date for another portion of the Restricted Stock Units, with the remaining vesting in monthly installments. |
| 04/18/2024 | Date of transactions involving acquisition and disposal of Class A Common Stock and vesting of Restricted Stock Units. |
| 04/19/2024 | Date of transactions involving acquisition and disposal of Class A Common Stock and vesting of Restricted Stock Units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.