Form 4: SmartRent CFO Daryl Stemm Reports Stock Transactions

SmartRent's CFO, Daryl Stemm, reported the vesting and subsequent withholding of shares to cover tax obligations related to restricted stock units.

Summary

• On January 17, 2025, Daryl Stemm, the CFO of SmartRent, Inc., reported transactions involving Class A Common Stock.
• These transactions included the vesting of restricted stock units (RSUs) and the withholding of shares to satisfy tax obligations.
• Specifically, 834 shares were acquired upon the vesting of RSUs, and another 2,544 shares were acquired upon vesting of additional RSUs.
• Simultaneously, 394 shares and 1,200 shares were disposed of to cover tax liabilities at a price of $1.6 per share.
• Following these transactions, Stemm directly owns 64,488 shares of Class A Common Stock and 7,633 and 10,000 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

This is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on the overall shareholding structure of the company.
• The CFO's actions are in line with standard executive compensation practices.

Key Dates