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SmartRent, Inc. — Director's Dealing 2025
Mar 18, 2025
33316_dirs_2025-03-18_1874a9d9-2297-45c8-b16b-4f739590b7b9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SmartRent, Inc. (SMRT)
CIK: 0001837014
Period of Report: 2025-03-18
Reporting Person: Paladin Michael Shane (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-18 | Performance Stock Units | $ | A | 4640882 | Acquired | Class A Common Stock (4640882) | Direct | |
| 2025-03-18 | Restricted Stock Units | $ | A | 1790055 | Acquired | Class A Common Stock (1790055) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 43859 | Direct |
Footnotes
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.