Smith-Midland CEO buys 2,000 shares at $26.87
Amended Form 4 reclassifies Ashley B. Smith’s 2,000-share transaction as an open‑market purchase and updates her role to director and officer.
Rhea-AI Filing Summary
SMITH MIDLAND CORP (SMID) reported that Chief Executive Officer and director Ashley B. Smith purchased 2,000 shares of common stock on September 1, 2026, in an open‑market transaction at $26.87 per share. Following this purchase, Smith held 180,539 common shares directly. The amendment corrects a prior report that had characterized the transaction as an equity grant and had listed Smith’s role as “Other” rather than director and officer. No transactions in this filing are reported as made under a Rule 10b5‑1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares
Net Buy
1 txn
Insider
SMITH ASHLEY B
Role
Chief Executive Officer
Bought
2,000 shs ($54K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $26.87 | $54K |
Holdings After Transaction:
Common Stock — 180,539 shares (Direct)
Key Figures
Shares purchased: 2,000 shares
Purchase price per share: $26.87 per share
Total direct holdings after transaction: 180,539 shares
+1 more
4 metrics
Shares purchased
2,000 shares
Open‑market purchase of SMITH MIDLAND CORP common stock on September 1, 2026
Purchase price per share
$26.87 per share
Open‑market purchase on September 1, 2026
Total direct holdings after transaction
180,539 shares
Common stock directly owned by Ashley B. Smith following the September 1, 2026 purchase
Net buy shares in this filing
2,000 shares
Net effect of reported insider transactions in this amendment
Key Terms
open-market acquisition, grant/award, Director and Officer
3 terms
open-market acquisition financial
"to indicate an acquisition of shares. The transaction should have been reported as an open-market acquisition"
grant/award financial
"The transaction should have been reported as an open-market acquisition ("P"), not as a grant/award"
Director and Officer regulatory
"corrects column 5 to note the Reporting Person is a Director and Officer"
FAQ
What insider transaction did SMID disclose in this amended Form 4?
The company reported that Ashley B. Smith purchased 2,000 shares of SMITH MIDLAND CORP common stock on September 1, 2026, in an open‑market transaction at $26.87 per share, increasing her direct holdings to 180,539 shares.
Why did SMITH MIDLAND CORP (SMID) file this Form 4/A amendment?
The amendment was filed to state that the transaction was an open‑market acquisition rather than a grant or award, and to correct the description of Ashley B. Smith’s position to Director and Chief Executive Officer. The filing notes that no other changes are being made.
What is Ashley B. Smith’s total direct ownership in SMID after this transaction?
After the reported purchase, Ashley B. Smith directly owned 180,539 shares of SMITH MIDLAND CORP common stock, according to the amended Form 4.
Was the SMID insider purchase made under a Rule 10b5-1 trading plan?
No. The filing indicates that the transaction was not reported as being made under a Rule 10b5‑1 trading plan, meaning it is not identified as a pre‑arranged trading plan transaction in this report.
AI-generated analysis. How Rhea-AI works. Not financial advice.