WILLIAM W. SMITH JR - 21 Feb 2024 Form 4 Insider Report for SMITH MICRO SOFTWARE, INC. (SMSI)

Role
President & CEO, Director
Signature
/s/Jennifer M. Reinke, attorney-in-fact for William W. Smith, Jr.
Issuer symbol
SMSI
Transactions as of
21 Feb 2024
Transactions value $
$-3,947
Form type
4
Filing time
23 Feb 2024, 06:47:37 UTC
Previous filing
24 Jan 2024
Next filing
15 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMSI Common Stock Award $0 +175,000 +49.5% $0.000000 528,559 21 Feb 2024 Direct F1
transaction SMSI Common Stock Award $0 +175,000 +33.1% $0.000000 703,559 21 Feb 2024 Direct F2
transaction SMSI Common Stock Tax liability $-3,947 -5,060 -0.72% $0.7800 698,499 22 Feb 2024 Direct F3
transaction SMSI Common Stock Disposed to Issuer $0 -13,586 -1.95% $0.000000 684,913 22 Feb 2024 Direct F4
holding SMSI Common Stock 5,011,941 21 Feb 2024 Smith Living Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock subject to time-based and performance-based vesting. 50% of shares vest in equal monthly installments over 48 months, subject to continuing employment. 50% of shares vest subject to satisfaction of 2024 financial performance criteria, with 25% of such amount to vest approximately March 2025 and the remainder in equal monthly installments over the next 36 months.
F2 Restricted stock subject to performance-based vesting. Shares will vest in installments subject to satisfaction of performance criteria for the first and second quarters of 2024.
F3 Shares withheld, at an average vesting price of $0.78 per share, for the payment of income taxes.
F4 Shares of restricted stock forfeited in accordance with the terms of grant.