Form 4: SmartRent CFO Daryl Stemm Reports Stock Transactions
SEC Form 4 Filing
SmartRent's CFO, Daryl Stemm, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on May 17, 2024.
Summary
- On May 17, 2024, Daryl Stemm, CFO of SmartRent, Inc., reported transactions involving Class A Common Stock.
- Stemm acquired 833 shares and 2,544 shares of Class A Common Stock through the vesting of Restricted Stock Units.
- He also disposed of 349 shares and 1,065 shares of Class A Common Stock to cover tax obligations at a price of $2.72 per share.
- Following these transactions, Stemm beneficially owns 48,963 shares of Class A Common Stock and 44,652 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the CFO.
Key Dates
| Date | Description |
|---|---|
| April 19, 2022 | One-fourth of certain Restricted Stock Units vested. |
| January 18, 2023 | One-fourth of certain Restricted Stock Units vested. |
| May 17, 2024 | Date of reported transactions: acquisition and disposal of Class A Common Stock and Restricted Stock Units. |
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