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 Restricted Stock Units on October 18, 2024.
Summary
- On October 18, 2024, Daryl Stemm, the CFO of SmartRent, Inc., reported transactions involving the company's Class A Common Stock and Restricted Stock Units.
- Stemm acquired 834 shares and 2,544 shares of Class A Common Stock through the vesting of Restricted Stock Units.
- He also disposed of 350 shares and 1,065 shares of Class A Common Stock to cover tax obligations at a price of $1.73 per share.
- Following these transactions, Stemm directly owns 58,778 shares of Class A Common Stock.
- Stemm also owns 15,265 and 12,500 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard SEC filing reporting stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice and provides transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| April 19, 2022 | One-fourth of the 2,544 Restricted Stock Units vested, with the remaining vesting in 1/48 equal monthly installments. |
| January 18, 2023 | One-fourth of the 834 Restricted Stock Units vested, with the remaining vesting in 1/48 equal monthly installments. |
| October 18, 2024 | Date of the reported transactions: acquisition and disposal of Class A Common Stock and Restricted Stock Units. |
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