Smith-Midland director buys 2,000 shares at $27.15
Director Matthew I. Smith corrected a prior Form 4 to show a 2,000-share open-market purchase of SMID stock at $27.15, bringing direct holdings to 12,205 shares.
Rhea-AI Filing Summary
SMITH MIDLAND CORP (SMID) director Matthew I. Smith reported an amended insider transaction to correct the nature of a prior filing. The amendment clarifies that on September 2, 2026 he purchased 2,000 shares of common stock in an open-market transaction at $27.15 per share, increasing his directly held stake to 12,205 shares. The company states that no other aspects of the original report are being changed and that the trades were not reported as being 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 Matthew I
Role
Director
Bought
2,000 shs ($54K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $27.15 | $54K |
Holdings After Transaction:
Common Stock — 12,205 shares (Direct)
Key Figures
Shares purchased: 2,000 shares
Purchase price per share: $27.15 per share
Shares held after transaction: 12,205 shares
+1 more
4 metrics
Shares purchased
2,000 shares
Open-market purchase of common stock on September 2, 2026
Purchase price per share
$27.15 per share
Price paid for SMITH MIDLAND CORP common stock on September 2, 2026
Shares held after transaction
12,205 shares
Director’s direct holdings following the September 2, 2026 purchase
Net shares bought in filing
2,000 shares
Net balance of reported insider buy and sell activity in this amendment
Key Terms
Form 4/A, open-market acquisition, Rule 10b5-1 trading plan
3 terms
Form 4/A regulatory
"This Form 4/A is being filed to correct the information in column 3"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
open-market acquisition financial
"to indicate an acquisition of shares. The transaction should have been reported as an open-market acquisition"
Rule 10b5-1 trading plan regulatory
"The trades were not reported as being made under a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transaction did SMID report in this amended Form 4?
The amendment reports that director Matthew I. Smith purchased 2,000 shares of SMITH MIDLAND CORP common stock in an open-market transaction on September 2, 2026 at $27.15 per share, correcting an earlier description of the transaction as a grant or award.
What was corrected by this SMID Form 4/A amendment?
The amendment corrects the earlier report to show the transaction as an open-market acquisition of common stock rather than a grant or award. The company states that no other changes are being made to the previously reported information.
Was the SMID insider trade made under a Rule 10b5-1 plan?
The filing indicates that the September 2, 2026 open-market purchase by Matthew I. Smith was not reported as being made pursuant to a Rule 10b5-1 trading plan, based on the plan-status disclosure in the document.
What is the total size of the insider’s SMID stock purchase in this filing?
The insider bought 2,000 shares of SMITH MIDLAND CORP common stock at a price of $27.15 per share in the corrected transaction, as disclosed in the amended report for September 2, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
