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SMITH MICRO SOFTWARE, INC. — Director's Dealing 2024
Feb 23, 2024
35070_dirs_2024-02-23_3cb8c6c6-390d-42de-b832-165d791dc31f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SMITH MICRO SOFTWARE, INC. (SMSI)
CIK: 0000948708
Period of Report: 2024-02-21
Reporting Person: SMITH WILLIAM W JR (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-21 | Common Stock | A | 175000 | — | Acquired | 528559 | Direct |
| 2024-02-21 | Common Stock | A | 175000 | — | Acquired | 703559 | Direct |
| 2024-02-22 | Common Stock | F | 5060 | $0.78 | Disposed | 698499 | Direct |
| 2024-02-22 | Common Stock | D | 13586 | — | Disposed | 684913 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5011941 | Indirect |
Footnotes
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.