Form 4: Smith Micro Software CEO William W. Smith Jr. Reports Stock Transaction
SEC Form 4 Filing
William W. Smith Jr., President and CEO of Smith Micro Software, Inc., reports the disposal of 541 shares of common stock to cover income taxes.
Summary
- On June 20, 2024, William W. Smith Jr., the President and CEO of Smith Micro Software, Inc., disposed of 541 shares of common stock to cover income tax obligations.
- The shares were withheld at an average price of $2.22 per share.
- Following the transaction, Smith directly owns 76,117 shares and indirectly owns 626,492 shares through the Smith Living Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock transaction, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a small disposal of shares by the CEO to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of stock transaction (disposal of shares). |
| 06/24/2024 | Date of signature for the Form 4 filing. |
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