SmartFinancial director gifts 24,849 shares in trust
SMARTFINANCIAL INC. director Geoffrey Alan Wolpert reported an indirect gift of 24,849 shares of Common Stock on May 18, 2026.
Rhea-AI Filing Summary
SMARTFINANCIAL INC. director Geoffrey Alan Wolpert reported an indirect gift of 24,849 shares of Common Stock on May 18, 2026. The shares were held by the Grantor Retained Annuity Trust of Sylvia Patricia Wolpert and transferred as a bona fide gift.
A footnote explains that, in connection with the trust’s maturity, 8,283 shares were transferred to each of the reporting person’s three independent children. After the gift, the trust holds 65,178 shares indirectly, while Wolpert also reports 100,577 shares held directly and 24,238 shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,849 shares gifted
Gift
3 txns
Insider
Wolpert Geoffrey Alan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 24,849 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 65,178 shares (Indirect, By Grantor Retained Annuity Trust of Sylvia Patricia Wolpert);
Common Stock — 24,238 shares (Indirect, By Spouse);
Common Stock — 100,577 shares (Direct)
Footnotes (1)
- F1. In connection with the maturity of shares from the trust, 8,283 of the shares were transferred to each of the reporting person's three independent children.
Key Figures
Gifted shares: 24,849 shares
Trust holdings after transaction: 65,178 shares
Direct holdings: 100,577 shares
+2 more
5 metrics
Gifted shares
24,849 shares
Bona fide gift on May 18, 2026 from Grantor Retained Annuity Trust
Trust holdings after transaction
65,178 shares
Shares of Common Stock held indirectly by Grantor Retained Annuity Trust after gift
Direct holdings
100,577 shares
Shares of Common Stock held directly by Geoffrey Alan Wolpert after reported transactions
Spouse-held shares
24,238 shares
Shares of Common Stock held indirectly by spouse after reported transactions
Children’s allocation
8,283 shares each
Number of SmartFinancial shares transferred to each of three independent children
Key Terms
bona fide gift, Grantor Retained Annuity Trust, indirect ownership, non-derivative
4 terms
bona fide gift financial
"The transaction is coded as a bona fide gift of Common Stock."
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
"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.
indirect ownership financial
"The trust holdings are reported as indirect ownership of Common Stock."
non-derivative financial
"The 24,849-share transaction is classified as a non-derivative transaction."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SMBK director Geoffrey Wolpert report?
Geoffrey Wolpert reported an indirect bona fide gift of 24,849 shares of SmartFinancial Common Stock. The shares were held by the Grantor Retained Annuity Trust of Sylvia Patricia Wolpert and transferred on May 18, 2026, as part of the trust’s maturity process.
Were there any open-market buys or sells in Geoffrey Wolpert’s SMBK filing?
No open-market purchases or sales are reported in this filing. The only transaction is a bona fide gift of 24,849 SmartFinancial shares from a Grantor Retained Annuity Trust, with the transaction coded “G” and priced at $0.00 per share, indicating a non-market transfer.
What are Geoffrey Wolpert’s SmartFinancial holdings after the reported gift?
After the reported gift, Geoffrey Wolpert holds 100,577 SmartFinancial shares directly. Indirectly, he reports 65,178 shares held by the Grantor Retained Annuity Trust of Sylvia Patricia Wolpert and 24,238 shares held by his spouse, reflecting continued substantial ownership across direct and indirect accounts.
What type of ownership does the trust represent in the SMBK Form 4?
The trust holdings are reported as indirect ownership. The 24,849-share transaction involved the Grantor Retained Annuity Trust of Sylvia Patricia Wolpert, with 65,178 SmartFinancial shares remaining in the trust after the gift, separate from Geoffrey Wolpert’s directly held and spouse-held positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
