Form 4: SmartRent CFO Daryl Stemm Reports Stock Transactions
SEC Form 4
SmartRent's CFO, Daryl Stemm, reports the vesting and subsequent sale of Class A Common Stock related to restricted stock units.
Summary
- On February 18, 2025, Daryl Stemm, CFO of SmartRent, Inc., reported the vesting of 833 Class A Common Stock shares from restricted stock units and sold shares to cover tax obligations.
- Following these transactions, Stemm directly owns 64,928 shares of Class A Common Stock.
- On February 19, 2025, Stemm reported the vesting of 2,544 Class A Common Stock shares from restricted stock units and sold shares to cover tax obligations.
- Following these transactions, Stemm directly owns 66,272 shares of Class A Common Stock.
- Stemm also holds 5,089 and 9,167 Restricted Stock Units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock transactions by an executive, which is a normal part of compensation and doesn't inherently indicate positive or negative performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 04/19/2022 | One-fourth of the 2,544 Restricted Stock Units vested. |
| 01/18/2023 | One-fourth of the 833 Restricted Stock Units vested. |
| 02/18/2025 | Vesting of 833 Class A Common Stock shares and sale of 393 shares at $1.49. |
| 02/19/2025 | Vesting of 2,544 Class A Common Stock shares and sale of 1,200 shares at $1.57. |
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