Form 4: Smith Micro Software CFO James Kempton Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
James Kempton, CFO of Smith Micro Software, reported disposing of shares to cover income tax obligations related to vesting.
Summary
- On May 20, 2024, James Kempton, the VP, CFO, and Treasurer of Smith Micro Software, disposed of 432 shares of common stock at a price of $2.43 per share to cover income tax obligations.
- On May 21, 2024, Kempton disposed of an additional 1,826 shares at $2.51 per share for the same reason.
- Following these transactions, Kempton directly owns 48,157 shares of Smith Micro Software.
- The shareholdings reported reflect the 1:8 reverse stock split that took effect on April 10, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The disposal of shares by the CFO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the disposal.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Effective date of 1:8 reverse stock split. |
| 05/20/2024 | Disposal of 432 shares at $2.43 for tax obligations. |
| 05/21/2024 | Disposal of 1,826 shares at $2.51 for tax obligations. |
| 05/22/2024 | Date of Form 4 filing. |
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