Form 4: Smith Micro Software CFO Sells Shares to Cover Tax Obligations

Smith Micro Software's CFO, James M. Kempton, sold 1,640 shares of common stock to cover income tax obligations related to vesting shares.

Summary

• James M. Kempton, the VP, CFO, and Treasurer of Smith Micro Software, Inc., sold 1,640 shares of common stock on January 17, 2025.
• The sale was executed to cover income tax obligations associated with the vesting of shares.
• The shares were sold at an average price of $1.23 per share.
• Following the transaction, Kempton directly owns 68,506 shares of Smith Micro Software stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock vests.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the industry.
• Many companies use similar vesting schedules and tax withholding methods for their executive compensation packages.
• The sale of 1,640 shares is relatively small compared to the total holdings of 68,506 shares, suggesting this is a routine tax-related transaction rather than a significant change in the executive's investment position.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

insider trading, stock sale, Form 4, executive compensation, Smith Micro Software, SMSI, CFO, James M. Kempton