Smith-Midland (SMID) files Form 144 to sell 6,000 common shares

Rhea-AI Filing Summary

Form 144 notice filed for Smith-Midland Corporation (SMID). The filer intends to sell 6,000 common shares, representing part of a total outstanding share count of 5,304,606, with an aggregate market value of $255,360.00. The approximate sale date is 08/19/2025 on NASDAQ. The shares were acquired in open-market purchases: 5,000 on 12/10/2019 and 1,000 on 12/11/2019, paid in cash. The filer reports no sales in the past three months and certifies no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Small insider sale scheduled; filing provides routine disclosure without recent prior disposals.

The Form 144 documents a proposed sale of 6,000 common shares by an insider or affiliate, with acquisition dates in December 2019 and full payment in cash. The sale is reported for 08/19/2025 on NASDAQ and the filer states there were no sales in the prior three months. As reported, the transaction size relative to outstanding shares is small and the filing contains only standard Rule 144 attestations.

Corporate Governance Expert

TL;DR: Procedural compliance appears met; statement asserts no undisclosed material information.

The notice includes key Rule 144 elements: class of securities, broker details, number of shares, acquisition history, and the seller's representation about material information and any trading plan. No evidence in the form indicates unusual timing, accelerations, or clustered prior sales. The filing reads as a routine disclosure under Rule 144.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	FIDELITY BROKERAGE SERVICES LLC 245 Summer Street BOSTON MA 02110	6000	255360.00	5304606	08/19/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/10/2019	Open Market Purchase	N/A			5000	12/10/2019	Cash/Check
Common	12/11/2019	Open Market Purchase	N/A			1000	12/11/2019	Cash/Check

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does SMID Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 6,000 common shares on NASDAQ with aggregate market value $255,360.00, approximate sale date 08/19/2025.

When and how were the shares being offered in the Form 144 acquired?

The shares were acquired in open-market purchases: 5,000 on 12/10/2019 and 1,000 on 12/11/2019, paid by cash/check.

Did the filer report any sales of the issuer's securities in the past three months?

No. The filing states 'Nothing to Report' for securities sold during the past three months.

Which broker is listed for the proposed transaction?

The broker listed is Fidelity Brokerage Services LLC, 245 Summer Street, Boston, MA 02110.

How many shares outstanding does the filing report for SMID?

The filing reports 5,304,606 shares outstanding.