Form 4: Smith Micro Software CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William W. Smith Jr., CEO of Smith Micro Software, sold 554 shares of common stock on September 17, 2024, to cover income tax obligations.
Summary
- On September 17, 2024, William W. Smith Jr., the President and CEO of Smith Micro Software, Inc., disposed of 554 shares of common stock.
- The transaction was executed to cover income tax obligations.
- The shares were sold at an average price of $0.584 per share.
- Following the transaction, Smith directly owns 133,436 shares and indirectly owns 626,492 shares through the Smith Living Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of transaction: William W. Smith Jr. sold 554 shares of common stock. |
| 09/19/2024 | Date of signature on the Form 4 filing. |
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