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 a portion of his shares to cover income tax obligations.
Summary
- On August 19, 2024, William W. Smith Jr., the President and CEO of Smith Micro Software, Inc., engaged in a transaction involving the company's common stock.
- Specifically, 82 shares were disposed of at an average price of $0.839 per share to cover income tax obligations.
- Following the transaction, Smith directly owns 133,990 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 stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of the transaction where shares were disposed of to cover income taxes. |
| 08/21/2024 | Date of signature for the Form 4 filing. |
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