Form 4: Smith Micro Software CFO Sells Shares for Tax Planning and Withholding

Smith Micro Software's CFO, James M. Kempton, sold 437 shares for tax planning and had 183 shares withheld for income tax payments.

Summary

• James M. Kempton, the VP, CFO, and Treasurer of Smith Micro Software, Inc., sold 437 shares of common stock on December 16, 2024, at a price of $0.7886 per share.
• Additionally, on December 17, 2024, 183 shares were withheld at an average price of $0.76 per share for the payment of income taxes.
• Following these transactions, Kempton's direct ownership of Smith Micro Software common stock decreased to 70,146 shares.

Sentiment

Score: 5

Explanation: The document reflects routine transactions for tax purposes and does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Executive stock sales for tax planning and withholding are common practices across publicly traded companies.
• The transaction is consistent with standard procedures for managing executive compensation and tax obligations.
• Similar filings are regularly seen from executives at comparable technology companies.

Stakeholder Impact

• The transactions have a minor impact on the total outstanding shares of the company.
• The sale of shares by the CFO may be of interest to shareholders, but is not unusual.

Key Dates

Keywords

Smith Micro Software, SMSI, CFO, James M. Kempton, stock sale, tax planning, share withholding, insider trading