Form 4: SmartRent Executive Isaiah DeRose-Wilson Reports Stock Transactions
SEC Form 4 Filing
Chief Technology Officer of SmartRent, Isaiah DeRose-Wilson, reports the vesting and subsequent disposal of Class A Common Stock related to restricted stock units.
Summary
- On April 18 and 19, 2024, Isaiah DeRose-Wilson, the Chief Technology Officer of SmartRent, Inc., reported transactions involving Class A Common Stock.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent disposal of shares to cover tax obligations.
- On April 18, 1,111 RSUs vested, and 465 shares were disposed of at a price of $2.46.
- On April 19, 6,105 RSUs vested, and 2,555 shares were disposed of at a price of $2.36.
- Following these transactions, DeRose-Wilson directly owns 56,982 shares of Class A Common Stock and 73,268 and 23,334 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. They provide transparency into insider transactions.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/19/2022 | One-fourth of the 6,105 Restricted Stock Units vested on this date, with the remaining vesting in 1/48 equal monthly installments. |
| 01/18/2023 | One-fourth of the 1,111 Restricted Stock Units vested on this date, with the remaining vesting in 1/48 equal monthly installments. |
| 04/18/2024 | 1,111 Restricted Stock Units vested; 465 shares disposed of at $2.46. |
| 04/19/2024 | 6,105 Restricted Stock Units vested; 2,555 shares disposed of at $2.36. |
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