Michael Shane Paladin - Mar 18, 2025 Form 4 Insider Report for SmartRent, Inc. (SMRT)

Role: Chief Executive Officer
Signature: /s/ Michael Shane Paladin
Stock symbol: SMRT
Transactions as of: Mar 18, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/18/2025, 04:13 PM
Previous filing: Mar 13, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SMRT	Class A Common Stock						43.9K	Mar 18, 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SMRT	Performance Stock Units	Award	$0	+4.64M		$0.00	4.64M	Mar 18, 2025	Class A Common Stock	4.64M		Direct	F1, F2
transaction	SMRT	Restricted Stock Units	Award	$0	+1.79M		$0.00	1.79M	Mar 18, 2025	Class A Common Stock	1.79M		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2	The maximum number of PSUs that may be earned is 4,640,882. The actual number of shares of Class A Common Stock earned, if any, will be determined based on the achievement of performance goals relating to the Issuer's share price during a five-year performance period from February 24, 2025 (the "Start Date"), subject to the Reporting Person's continued service as an employee of the Issuer, with 50% of any shares achieved vesting on the four (4) year anniversary of the Start Date, and 100% of any shares achieved but not yet paid vesting on the five (5) year anniversary of the Start Date.
F3	These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4	One-third of the RSUs shall vest on February 24, 2026 and on each one-year anniversary thereafter, subject to the Reporting Person's continued service as an employee of the Issuer.