SmartFinancial director gifts 47,442 common shares
SMARTFINANCIAL INC. director Geoffrey Alan Wolpert reported non-market transfers of common stock.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
47,442 shares gifted
Gift
3 txns
Insider
Wolpert Geoffrey Alan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 23,721 | $0.00 | $0.00 |
| Gift | Common Stock | 23,721 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,238 shares (Indirect, By Spouse);
Common Stock — 90,027 shares (Indirect, By Grantor Retained Annuity Trust of Sylvia Patricia Wolpert);
Common Stock — 100,577 shares (Direct)
Footnotes (2)
- F1. In connection with the maturity of shares from the trust, gifted to the reporting person's spouse.
- F2. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
