Form 4: Smith Micro Software CFO James Kempton Reports Tax-Related Stock Disposal
SEC Form 4 Filing
James Kempton, CFO of Smith Micro Software, disposed of 214 shares of common stock on June 20, 2024, to cover income tax obligations.
Summary
- On June 20, 2024, James M. Kempton, the VP, CFO, and Treasurer of Smith Micro Software, Inc. (SMSI), reported a transaction involving the disposal of company stock.
- Kempton disposed of 214 shares of common stock at a price of $2.22 per share.
- This transaction was related to the payment of income taxes, with shares withheld at the vesting price.
- Following the transaction, Kempton directly owns 47,943 shares of Smith Micro Software.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This filing indicates a routine transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of stock disposal transaction |
| 06/24/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.