Form 4: SmartRent CFO's Planned Stock Transactions

SmartRent CFO Daryl Stemm reported planned transactions involving the exercise of Restricted Stock Units and subsequent sale of shares for tax purposes on December 18, 2025.

Summary

• SmartRent CFO Daryl Stemm reported transactions scheduled for December 18, 2025.
• The transactions involve the acquisition of 833 shares of Class A Common Stock upon the exercise of Restricted Stock Units (RSUs).
• Concurrently, 349 shares of Class A Common Stock were disposed of at a price of $2.08 per share to cover tax withholding obligations.
• Following these transactions, Stemm will beneficially own 84,070 shares of Class A Common Stock.
• The filing also indicates the conversion of 833 derivative Restricted Stock Units, leaving 834 RSUs beneficially owned.
• The RSUs vest one-fourth on January 18, 2023, with the remainder vesting in 1/48 equal monthly installments.
• The transaction is indicated to be pursuant to a Rule 10b5-1 plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the exercise of equity awards and a tax-related sale, which is neutral in terms of company performance or strategic direction.

Positives

• The exercise of Restricted Stock Units indicates a vesting event, which is a positive for the insider as it converts equity awards into shares.

Negatives

• A portion of the acquired shares (349 shares) was sold to cover tax liabilities, reducing the insider's direct shareholding.

Future Outlook

The filing details a planned future transaction under a Rule 10b5-1 plan, indicating a pre-scheduled equity event for the CFO.

Industry Context

This is a routine insider equity compensation event and does not provide specific insights into broader industry trends or competitive landscape.

Related Party Transactions

• The reported transactions involve the company's Chief Financial Officer, Daryl Stemm, exercising equity awards and selling shares, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine, pre-planned insider transaction for equity compensation and tax purposes. It slightly reduces the CFO's direct shareholding but is offset by the conversion of derivative securities.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Remaining Restricted Stock Units will continue to vest in 1/48 equal monthly installments until fully vested.

Key Dates

Keywords

SmartRent, SMRT, Daryl Stemm, CFO, Insider Trading, Form 4, Restricted Stock Units, Equity Compensation, Stock Transaction, 10b5-1 Plan