Form 4: SMSI CEO Smith Reports Scheduled Stock Dispositions

SMITH MICRO SOFTWARE, INC. President and CEO William W. Smith Jr. reported scheduled dispositions of common stock, including shares withheld for taxes and forfeited restricted stock, under a Rule 10b5-1 plan.

Summary

• William W. Smith Jr., President and CEO, Director, and 10% Owner of SMITH MICRO SOFTWARE, INC. (SMSI), reported changes in beneficial ownership.
• On February 27, 2026, 43,366 shares of common stock were disposed of (withheld) at an average price of $0.523 per share for the payment of income taxes.
• Following this transaction, William W. Smith Jr. directly beneficially owned 314,325 shares of common stock.
• On March 4, 2026, 12,626 shares of restricted common stock were forfeited in accordance with the terms of their grant, with a transaction price of $0.
• After the forfeiture, William W. Smith Jr. directly beneficially owned 301,669 shares of common stock.
• Additionally, William W. Smith Jr. indirectly beneficially owns 5,517,674 shares of common stock through the Smith Living Trust.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. The reported transactions are routine insider dispositions related to compensation (tax withholding) and performance (restricted stock forfeiture), and are executed under a pre-arranged 10b5-1 plan, which typically does not signal a change in company outlook or executive confidence.

Negatives

• 12,626 shares of restricted stock were forfeited, indicating that the conditions for their vesting were not met.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook, as it is solely an insider transaction report.

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 are routine disclosures required by the SEC. They provide transparency into executive stock ownership changes but typically do not offer insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal, as these are routine, pre-scheduled transactions by an executive and do not reflect discretionary selling based on new information.

Key Dates

Keywords

SMSI, Smith Micro Software, Form 4, Insider Transaction, Stock Disposition, CEO, William W. Smith Jr., Restricted Stock, Tax Withholding, 10b5-1 Plan