Form 4: Smith Micro Software CFO James Kempton Reports Stock Forfeiture and Tax Withholding
SEC Form 4 Filing
James Kempton, CFO of Smith Micro Software, reports the forfeiture of restricted stock and withholding of shares for tax obligations.
Summary
- On August 12, 2024, James M. Kempton, VP, CFO and Treasurer of Smith Micro Software, forfeited 141 shares of common stock.
- On August 13, 2024, 1,202 shares were withheld at an average price of $0.85 per share for the payment of income taxes.
- Following these transactions, Kempton directly owns 75,536 shares of Smith Micro Software common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing reflects routine transactions related to executive compensation and tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely monitored by investors to gauge management's sentiment and confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Forfeiture of 141 shares of restricted stock. |
| 08/13/2024 | Withholding of 1,202 shares for income tax payment at $0.85 per share. |
| 08/14/2024 | Date of Form 4 signature. |
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