[Form 4] Smith-Midland Corporation Insider Trading Activity

Rhea-AI Filing Summary

Smith-Midland Corporation director Rodney I. Smith reported a sale of 13,656 shares of the issuer's common stock on 08/22/2025 at a reported price of $41.36 per share. After the transaction Mr. Smith beneficially owned 534,499 shares. The filing is a Form 4 disclosing changes in beneficial ownership and is signed by Rodney I. Smith on 08/25/2025.

Positive

• None.

Negative

• Director sale reported: Rodney I. Smith disposed of 13,656 common shares on 08/22/2025 at $41.36 per share, reducing holdings to 534,499.

Insights

Securities Analyst

TL;DR: Director sold 13,656 shares at $41.36, reducing beneficial holdings to 534,499 shares.

The Form 4 shows a straightforward open-market sale by a company director. The filing lists transaction code S indicating a sale and reports the post-transaction beneficial ownership level. There are no derivative transactions disclosed and no indication of Rule 10b5-1 plan checkboxes marked in the provided text. For investors this is a routine insider sale disclosure; the filing itself contains no additional company operational or financial details.

Corporate Governance Expert

TL;DR: A director executed a single recorded sale; filing contains only ownership change details.

The document is a standard Section 16 Form 4 reporting a director-level disposition. It includes the sale quantity, price per share, and resulting beneficial ownership. The Form does not provide an explanation for the sale, any related plan designation, or derivative activity. Governance reviewers would treat this as a disclosure compliance item rather than a standalone governance event.

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
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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 RODNEY I

(Last) (First) (Middle)

C/O SMITH MIDLAND CORP

5119 CATLETT ROAD

(Street)

MIDLAND VA 22728

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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

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

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

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	08/22/2025		S		13,656	D	$41.36	534,499	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/ Rodney I. Smith	08/25/2025
	** 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.

FAQ

What transaction did Smith-Midland director Rodney I. Smith report on Form 4 (SMID)?

The Form 4 reports a sale of 13,656 common shares on 08/22/2025 at a price of $41.36 per share.

How many Smith-Midland (SMID) shares does Rodney I. Smith beneficially own after the reported transaction?

After the reported sale Mr. Smith beneficially owned 534,499 shares.

Does the Form 4 disclose any derivative transactions or option exercises for SMID?

No. Table II for derivative securities contains no entries; the filing only discloses a non-derivative common stock sale.

When was the Form 4 signed by the reporting person for SMID?

The Form 4 is signed by Rodney I. Smith on 08/25/2025.

What transaction code is used on the Form 4 for this sale?

The sale is reported with transaction code S, indicating a sale of securities.