Form 4: Smith Micro Software CEO William W. Smith Jr. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William W. Smith Jr., CEO of Smith Micro Software, reports the forfeiture of restricted stock and withholding of shares for tax payments.
Summary
- On March 11, 2025, William W. Smith Jr., President & CEO of Smith Micro Software, forfeited 991 shares of common stock.
- On March 13, 2025, 9,209 shares of common stock were withheld for the payment of income taxes at an average price of $0.71 per share.
- Following these transactions, Smith directly owns 353,457 shares of common stock and indirectly owns 3,244,309 shares through the Smith Living Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | 991 shares of restricted stock forfeited. |
| 03/13/2025 | 9,209 shares withheld for income tax payments at $0.71 per share. |
| 03/13/2025 | Filing date of the Form 4. |
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