Smith-Midland CEO buys 1,275 shares at $7.69

SMID’s CEO and director Ashley B. Smith increased their direct stake through an open-market share purchase.

Rhea-AI Filing Summary

SMITH MIDLAND CORP (SMID) director and Chief Executive Officer Ashley B. Smith purchased Common Stock in the company. On December 7, 2018, Smith bought 1,275 shares at $7.69 per share in an open-market or private transaction, increasing direct holdings to 173,042 shares. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Net Buyer: 1,275 shares

Net Buy 1 txn

Insider SMITH ASHLEY B

Role Chief Executive Officer

Bought 1,275 shs ($10K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,275	$7.69	$10K

Holdings After Transaction: Common Stock — 173,042 shares (Direct)

Key Figures

Shares purchased: 1,275 shares Purchase price per share: $7.69 per share Shares owned after transaction: 173,042 shares

3 metrics

Shares purchased 1,275 shares Common Stock purchased on December 7, 2018

Purchase price per share $7.69 per share Price paid for SMID Common Stock on December 7, 2018

Shares owned after transaction 173,042 shares Direct holdings of Ashley B. Smith following the purchase

Key Terms

Rule 10b5-1 trading plan, open-market or private transaction, direct ownership

3 terms

Rule 10b5-1 trading plan regulatory

"No Rule 10b5-1 trading plan is reported for this transaction"

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.

open-market or private transaction financial

"purchase in an open-market or private transaction"

direct ownership financial

"classifies holdings as direct ownership of common stock"

FAQ

What insider transaction did SMID report for Ashley B. Smith?

Ashley B. Smith reported a purchase of 1,275 SMID common shares on December 7, 2018, at $7.69 per share, in an open-market or private transaction, bringing direct holdings to 173,042 shares.

How many SMID shares does Ashley B. Smith own after this transaction?

After the reported transaction, Ashley B. Smith directly owns 173,042 shares of SMITH MIDLAND CORP common stock, as stated in the filing.

At what price did the SMID CEO buy shares in this Form 4 filing?

The Form 4 shows that Ashley B. Smith purchased SMID common stock at $7.69 per share on December 7, 2018, in a purchase characterized as an open-market or private transaction.

Was the SMID insider trade made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is unchecked, so no Rule 10b5-1 trading plan is reported for this transaction.

Is Ashley B. Smith’s ownership in SMID direct or indirect?

The filing classifies Ashley B. Smith’s post-transaction ownership of 173,042 shares as direct ownership of SMITH MIDLAND CORP common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMITH ASHLEY B

(Last) (First) (Middle)

C/O SMITH MIDLAND CORP

5119 CATLETT ROAD

(Street)

MIDLAND VIRGINIA 22728

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SMITH MIDLAND CORP [ SMID ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
12/07/2018

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/07/2018		P		1,275	A	$7.69	173,042	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Ashley B. Smith	12/11/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)