Form 4: Smith Micro Software CFO James M. Kempton Reports Stock Disposal for Tax Obligations

James M. Kempton, CFO and Treasurer of Smith Micro Software, Inc., disposed of 1,386 shares of common stock on October 17, 2024, to cover income tax obligations.

Summary

• On October 17, 2024, James M. Kempton, the VP, CFO, and Treasurer of Smith Micro Software, Inc. (SMSI), disposed of 1,386 shares of common stock.
• The transaction was executed to cover income tax obligations, with shares withheld at an average price of $1.02 per share.
• Following the transaction, Kempton directly owns 74,186 shares of Smith Micro Software, Inc.
• This includes 219 shares acquired on September 30, 2024, at $0.867 per share through the Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Positives

• Kempton's participation in the Employee Stock Purchase Plan demonstrates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.

Key Dates