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 4,906 shares of common stock on March 19, 2024, to cover income tax obligations.
Summary
- On March 19, 2024, James M. Kempton, the VP, CFO, and Treasurer of Smith Micro Software, Inc. [SMSI], disposed of 4,906 shares of common stock.
- The transaction was executed to cover income tax obligations.
- The shares were withheld at an average vesting price of $0.34 per share.
- Following the transaction, Kempton directly owns 403,067 shares of Smith Micro Software.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing indicates a common practice of executives covering tax obligations through stock disposals.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of stock disposal transaction. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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