[Form 4] SmartFinancial, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Moog Inc. (MOG) filed a Form 4 reporting CFO Jennifer Walter’s insider transaction dated 24 Jul 2025.

• SAR exercise (Code M): 1,333 Class B shares issued at an exercise price of $65.90.
• Tax withholding (Code F): 891 of those shares immediately surrendered at a fair-market value of $205.00 to cover taxes.
• Net acquisition: 442 Class B shares added to the CFO’s direct holdings.
• Post-transaction ownership: 10,434 Class B shares (direct); 4,381 Class A shares (direct); 739 Class B shares held indirectly through the retirement plan.
• Derivative table lists multiple outstanding Stock Appreciation Rights (SARs) expiring 2025-2031 with strike prices ranging from $63.04 to $85.95.

No open-market sales were reported; the only disposition was for tax purposes. The filing therefore represents an increase in the executive’s equity exposure rather than profit-taking.

Positive

• CFO increased direct ownership by 442 Class B shares, enhancing alignment with shareholders.
• No open-market sales; dispositions were solely for tax withholding, signalling confidence.

Negative

• None.

Insights

Equity Analyst

TL;DR: CFO adds 442 net shares via SAR exercise, signalling commitment; no market sale.

The exercise price of $65.90 versus $205 FMV implies a material in-the-money gain, yet Walter withheld only the statutory 891 shares for taxes. Retaining the balance keeps her exposure aligned with shareholders and may be perceived as confidence in Moog’s outlook. Aggregate direct ownership now totals ~10.4k Class B shares, a modest but incremental uptick. The transaction is routine for expiring 2014 LTIP awards and does not alter float meaningfully, so impact is modestly positive but not transformative.

Corporate Governance Specialist

TL;DR: Routine award vesting; governance-neutral, mildly positive optics.

SAR exercises ahead of November 2025 expiry are expected. The absence of discretionary sales reduces potential perception of opportunistic profit-taking. Tax-only withholding aligns with best-practice executive trading behavior and supports alignment incentives mandated by the LTIP. There are no new grants or accelerated vesting that would raise governance flags. Overall shareholder impact is minimal but directionally favorable.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Trumpp Jarrod M

(Last) (First) (Middle)

5401 KINGSTON PIKE

SUITE 600

(Street)

KNOXVILLE TN 37919

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SMARTFINANCIAL INC. [ SMBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/24/2025		A		2,000	A	$0	2,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Glen E. Allen, Jr., Attorney-in-Fact	07/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Moog Inc. CFO Jennifer Walter do on July 24 2025?

She exercised 1,333 Stock Appreciation Rights for Class B shares at $65.90 and retained 442 net shares.

How many Moog (MOG) shares does the CFO now own?

After the transaction she directly owns 10,434 Class B and 4,381 Class A shares, plus 739 Class B through a 401(k).

Were any Moog shares sold on the open market?

No. The only shares disposed of (891) were withheld by the company to cover tax obligations.

What is the significance of the $205.00 price in the Form 4?

It is the fair-market value used to calculate shares withheld for taxes during the SAR exercise.

Do the outstanding SARs affect dilution for Moog investors?

The SARs have already been granted; their exercise adds shares but the amounts are immaterial to overall float at present.