Form 4: SmartRent Inc. Executive Lee Kristen Morse Reports Stock Transactions
SEC Form 4 Filing
General Counsel Lee Kristen Morse reported the vesting and subsequent tax withholding of Class A Common Stock.
Summary
- On July 18, 2024, Kristen Morse Lee, General Counsel of SmartRent, Inc., reported transactions involving Class A Common Stock.
- 417 shares were acquired through the vesting of Restricted Stock Units (RSUs).
- 175 shares were disposed of to cover tax obligations at a price of $2.43 per share.
- Following these transactions, Lee directly owns 33,194 shares of Class A Common Stock and 7,500 Restricted Stock Units.
- The RSUs vest over time, with the initial vesting occurring on January 18, 2023, and the remaining vesting in monthly installments.
Sentiment
Score: 5
Explanation: The document reflects routine insider transactions related to stock-based compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation and tax-related stock activity.
Key Dates
| Date | Description |
|---|---|
| January 18, 2023 | Initial vesting date of Restricted Stock Units |
| July 18, 2024 | Date of reported transactions: vesting of RSUs and tax withholding |
| July 19, 2024 | Date of signature on the Form 4 filing |
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