Form 4: Smith Micro Software CEO William W. Smith Jr. Reports Changes in Beneficial Ownership

William W. Smith Jr., President and CEO of Smith Micro Software, reports transactions involving common stock, including forfeitures, tax withholdings, and a gift to the Smith Living Trust.

Summary

• On May 12, 2025, William W. Smith Jr., the President and CEO of Smith Micro Software, forfeited 1,500 shares of common stock.
• On May 13, 2025, 15,374 shares were withheld for payment of income taxes at an average vesting price of $0.94 per share.
• On May 14, 2025, Mr. Smith gifted 65,050 shares to the Smith Living Trust.
• Following these transactions, Mr. Smith directly owns 262,903 shares and indirectly owns 3,309,359 shares through the Smith Living Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions do not necessarily indicate a change in the company's prospects but provide transparency into the executive's holdings.

Key Dates

Keywords

beneficial ownership, Form 4, Smith Micro Software, SMSI, William W. Smith Jr., common stock, restricted stock, Smith Living Trust, insider trading