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, reported the forfeiture of 750 shares of restricted stock and the withholding of 7,335 shares for tax obligations.
Summary
- On May 12, 2025, James M. Kempton, VP, CFO, and Treasurer of Smith Micro Software, forfeited 750 shares of common stock.
- On May 13, 2025, 7,335 shares of common stock were withheld at an average price of $0.94 per share for the payment of income taxes.
- Following these transactions, Kempton directly owns 210,296 shares of Smith Micro Software.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, reporting changes in beneficial ownership by a company insider. Such filings are routine and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions reported may have a minor impact on the total outstanding shares, but are unlikely to significantly affect shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Forfeiture of 750 shares of restricted stock. |
| 05/13/2025 | Withholding of 7,335 shares for tax payment at $0.94 per share. |
| 05/14/2025 | Date of signature for the report. |
Keywords
Form 4, insider trading, stock forfeiture, tax withholding, James Kempton, Smith Micro Software, SMSI, CFO
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