Director Wolpert gifts SmartFinancial (SMBK) shares while retaining large holdings

Rhea-AI Filing Summary

SMARTFINANCIAL INC. director Geoffrey Alan Wolpert reported non-market transfers of common stock. On May 1, 2026, entities associated with him made two bona fide gifts totaling 47,442 shares of common stock, one from a grantor retained annuity trust and one from his spouse.

After these gifts, Wolpert continues to hold 100,577 shares directly, 90,027 shares indirectly through a grantor retained annuity trust of Sylvia Patricia Wolpert, and 24,238 shares indirectly through his spouse. The filing notes that his direct holdings include shares acquired through the SMBK Dividend Reinvestment Plan.

Insider Trade Summary

47,442 shares gifted

Mixed 3 txns

Insider Wolpert Geoffrey Alan

Role null

Type	Security	Shares	Price	Value
Gift	Common Stock	23,721	$0.00	--
Gift	Common Stock	23,721	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 24,238 shares (Indirect, By Spouse); Common Stock — 100,577 shares (Direct, null)

Footnotes (1)

1. In connection with the maturity of shares from the trust, gifted to the reporting person's spouse. Includes shares acquired pursuant to the SMBK Dividend Reinvestment Plan

Key Figures

Gifted shares (trust): 23,721 shares Gifted shares (spouse): 23,721 shares Total gifted shares: 47,442 shares +4 more

7 metrics

Gifted shares (trust) 23,721 shares Bona fide gift from Grantor Retained Annuity Trust on May 1, 2026

Gifted shares (spouse) 23,721 shares Bona fide gift from spouse-held shares on May 1, 2026

Total gifted shares 47,442 shares Sum of two bona fide gift transactions on May 1, 2026

Direct holdings after transactions 100,577 shares Common stock held directly following reported transactions

Indirect holdings via trust 90,027 shares Common stock held indirectly through Grantor Retained Annuity Trust

Indirect holdings via spouse 24,238 shares Common stock held indirectly through spouse after gifts

Gift share price $0.00 per share Reported price for both bona fide gift transactions

Key Terms

bona fide gift, Grantor Retained Annuity Trust, Dividend Reinvestment Plan

3 terms

bona fide gift financial

"Each transaction is coded G with the description "Bona fide gift" at $0.0000 per share."

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Grantor Retained Annuity Trust financial

"Nature of ownership is listed as "By Grantor Retained Annuity Trust of Sylvia Patricia Wolpert"."

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

Dividend Reinvestment Plan financial

"A footnote states, "Includes shares acquired pursuant to the SMBK Dividend Reinvestment Plan"."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Form 4 Insider Transactions: What Each Field Means →

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wolpert Geoffrey Alan

(Last) (First) (Middle)

5401 KINGSTON PIKE SUITE 600

(Street)

KNOXVILLE TENNESSEE 37919

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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

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

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

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	05/01/2026		G		23,721(1)	A	$0	24,238(2)	I	By Spouse
Common Stock	05/01/2026		G		23,721(1)	D	$0	90,027(2)	I	By Grantor Retained Annuity Trust of Sylvia Patricia Wolpert
Common Stock								100,577(2)	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:

1. In connection with the maturity of shares from the trust, gifted to the reporting person's spouse.

2. Includes shares acquired pursuant to the SMBK Dividend Reinvestment Plan

	/s/ Glen E. Allen, Jr., Attorney-in-Fact	05/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Geoffrey Alan Wolpert report for SMBK?

Geoffrey Alan Wolpert reported bona fide gifts of SMARTFINANCIAL INC. common stock, not open-market trades. On May 1, 2026, entities associated with him transferred shares at $0.00 per share, reflecting personal gifting rather than investment-related buying or selling.

How many SmartFinancial (SMBK) shares did Wolpert gift?

Entities associated with Geoffrey Alan Wolpert gifted a total of 47,442 shares of SMARTFINANCIAL INC. common stock. One gift covered 23,721 shares held through a grantor retained annuity trust, and another involved 23,721 shares held indirectly through his spouse.

Were Geoffrey Alan Wolpert’s SMBK transactions market sales or purchases?

The reported SMBK transactions were bona fide gifts, not market sales or purchases. Both entries use transaction code G, with a $0.00 per-share value, indicating non-cash transfers for gifting purposes rather than trading based on views of SmartFinancial’s stock.

What are Geoffrey Alan Wolpert’s SmartFinancial (SMBK) holdings after these gifts?

Following the gifts, Wolpert holds 100,577 SMBK shares directly, 90,027 shares indirectly through a grantor retained annuity trust, and 24,238 shares indirectly through his spouse. His direct position includes shares obtained via the SMBK Dividend Reinvestment Plan.

How are the SMBK gifted shares related to the trust mentioned in the filing?

One gift of 23,721 SMBK shares came from a Grantor Retained Annuity Trust of Sylvia Patricia Wolpert. A footnote explains the transfer occurred in connection with the maturity of shares from the trust and were gifted to the reporting person’s spouse.