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 June 18, 2024.
Summary
- On June 18, 2024, Daryl Stemm, the CFO of SmartRent, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's securities.
- The transactions included the acquisition of 3,377 shares of Class A Common Stock through the vesting of Restricted Stock Units.
- Stemm also disposed of 1,414 shares of Class A Common Stock to cover tax obligations at a price of $2.41 per share.
- Following these transactions, Stemm directly owns 50,926 shares of Class A Common Stock.
- Additionally, Stemm holds 25,441 Restricted Stock Units from one grant and 15,834 Restricted Stock Units from another grant.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by a company insider, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| April 19, 2022 | One-fourth of the first set of Restricted Stock Units vested, with the remaining vesting monthly. |
| January 18, 2023 | One-fourth of the second set of Restricted Stock Units vested, with the remaining vesting monthly. |
| June 18, 2024 | Date of the reported transactions: acquisition and disposal of Class A Common Stock and vesting of Restricted Stock Units. |
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