Smith Midland: Thompson Davis reports 35.4% stake

The reported position is paired with sole dispositive power over 1,897,280 shares and zero reported sole or shared voting power.

Rhea-AI Filing Summary

Smith Midland Corp. is the issuer in an amended Schedule 13D in which Thompson Davis & Co., Inc. reported beneficial ownership of 1,897,280 common shares, or 35.4% of the class. It reported sole dispositive power over 1,897,280 shares, zero sole voting power, zero shared voting power, and zero shared dispositive power. Its source-of-funds entry states “00-RIA on behalf of clients.”

Key Figures

Beneficial ownership: 1,897,280 shares Percentage of class: 35.4% Sole dispositive power: 1,897,280 shares +3 more

6 metrics

Beneficial ownership 1,897,280 shares Smith Midland Corp. common stock

Percentage of class 35.4% Beneficial ownership

Sole dispositive power 1,897,280 shares Common stock

Sole voting power 0 shares Common stock

Shared voting power 0 shares Common stock

Shared dispositive power 0 shares Common stock

Key Terms

beneficially owned, Sole Dispositive Power, Shared Voting Power

3 terms

beneficially owned regulatory

"Aggregate amount beneficially owned by each reporting person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Dispositive Power regulatory

"Sole Dispositive Power 1,897,280.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Shared Voting Power regulatory

"Shared Voting Power 0.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SMID shares did Thompson Davis & Co. report owning?

Thompson Davis & Co., Inc. reported beneficial ownership of 1,897,280 Smith Midland Corp. common shares, representing 35.4% of the class. It also reported sole dispositive power over 1,897,280 shares.

Did Thompson Davis & Co. report voting power over SMID shares?

The report lists zero sole voting power and zero shared voting power. It lists sole dispositive power over 1,897,280 shares and zero shared dispositive power.

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

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Available on EDGAR 10/07/2026 - 04:14 PM Accepted by SEC EDGAR 10/07/2026 - 04:13 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 12)

SMITH MIDLAND CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

832156103

(CUSIP Number)

Thompson Davis & Co., Inc.
9030 Stony Point Parkway, Suite 100
Richmond, VA, 23235
(804) 644-6382

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/02/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 832156103

1

Name of reporting person

THOMPSON DAVIS & CO., INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,897,280.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,897,280.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

35.4 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: SMITH MIDLAND CORP
(c)	Address of Issuer's Principal Executive Offices: ROUTE 28, P O BOX 300, MIDLAND, VIRGINIA , 22728.
Item 2.	Identity and Background
(a)	Thompson Davis & Co., Inc.
(b)	9030 Stony Point Parkway, Suite 100, Richmond, VA 23235
(d)	No
(e)	No
(f)	New York
Item 3.	Source and Amount of Funds or Other Consideration
	00-RIA on behalf of clients
Item 5.	Interest in Securities of the Issuer
(b)	1,897,280

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THOMPSON DAVIS & CO., INC.

Signature:	Peggy M. Walz
Name/Title:	Chief Compliance Officer
Date:	10/07/2026