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 shares to cover income tax obligations arising from vesting.
Summary
- On July 22, 2024, William W. Smith Jr., the President and CEO of Smith Micro Software, Inc., engaged in a transaction involving the company's common stock.
- Smith disposed of 1,931 shares of common stock at a price of $2.28 per share to cover income tax obligations.
- Following the transaction, Smith directly owns 137,480 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 transaction for tax purposes, 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 transaction appears to be a standard sale to cover tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/22/2024 | Date of transaction: William W. Smith Jr. disposed of shares. |
| 07/24/2024 | Date of signature on the Form 4 filing. |
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