Form 4: SmartRent Executive Isaiah DeRose-Wilson Reports Stock Transactions
SEC Form 4
SmartRent's Chief Technology Officer, Isaiah DeRose-Wilson, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On July 18 and 19, 2024, Isaiah DeRose-Wilson, the Chief Technology Officer of SmartRent, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- On July 18, 2024, 1,111 shares were acquired through the vesting of Restricted Stock Units and 465 shares were disposed of to cover tax obligations at a price of $2.43 per share.
- On July 19, 2024, 6,105 shares were acquired through the vesting of Restricted Stock Units and 2,555 shares were disposed of to cover tax obligations at a price of $2.39 per share.
- Following these transactions, DeRose-Wilson directly owns 69,993 shares of Class A Common Stock and 54,951 Restricted Stock Units related to the 07/19/2024 transaction and 20,001 Restricted Stock Units related to the 07/18/2024 transaction.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common for publicly traded companies. It provides transparency into insider activity but doesn't necessarily indicate broader industry trends.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/19/2022 | One-fourth of the Restricted Stock Units vested on this date with the remaining vesting in 1/48 equal monthly installments until vested in full. |
| 01/18/2023 | One-fourth of the Restricted Stock Units vested on this date with the remaining vesting in 1/48 equal monthly installments until vested in full. |
| 07/18/2024 | Transaction date: Acquisition of 1,111 shares via Restricted Stock Units and disposal of 465 shares for tax obligations. |
| 07/19/2024 | Transaction date: Acquisition of 6,105 shares via Restricted Stock Units and disposal of 2,555 shares for tax obligations. |
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