Form 4: Smith Micro Software CFO James Kempton Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James Kempton, CFO of Smith Micro Software, filed a Form 4 detailing the disposal of common stock due to forfeiture and tax withholding.
Summary
- On March 11, 2025, James Kempton, the VP, CFO, and Treasurer of Smith Micro Software, forfeited 379 shares of common stock.
- On March 13, 2025, Kempton disposed of 3,778 shares of common stock at an average price of $0.71 for the payment of income taxes.
- Following these transactions, Kempton directly owns 221,987 shares of Smith Micro Software.
- The filing indicates these transactions were not made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to compensation and tax obligations; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | 379 shares of restricted stock forfeited. |
| 03/13/2025 | 3,778 shares withheld for income tax payment at $0.71 per share. |
| 03/13/2025 | Date of signature for the report. |
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