SmartRent CEO buys 50,000 shares in family trust

SmartRent, Inc. director and CEO Frank Martell reported an open-market purchase of 50,000 shares of Class A Common Stock through the Frank D. and Donna M. Martell Family Trust.

Rhea-AI Filing Summary

SmartRent, Inc. director and CEO Frank Martell reported an open-market purchase of 50,000 shares of Class A Common Stock through the Frank D. and Donna M. Martell Family Trust. The shares were bought at a weighted average price of about $1.12 per share.

After this transaction, the trust holds 3,065,266 shares indirectly attributed to Martell, indicating this was a relatively small addition to an already substantial position. The trades were executed in multiple lots at prices ranging from $1.115 to $1.13 per share.

Insider Trade Summary

Net Buyer: 50,000 shares

Net Buy 1 txn

Insider Martell Frank

Role Chief Executive Officer

Bought 50,000 shs ($56K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	50,000	$1.1244	$56K

Holdings After Transaction: Class A Common Stock — 3,065,266 shares (Indirect, Frank D. and Donna M. Martell Family Trust)

Footnotes (2)

1. F1. This transaction was executed in multiple trades at prices ranging from $1.115 to $1.13. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
2. F2. The number of shares held reflects the transfer of 451,470 shares of Common Stock from the Reporting Person to the Frank D. and Donna M. Martell Family Trust, under agreement dated December 10, 2025, of which the Reporting Person and his spouse are co-trustees.

Key Figures

Shares purchased: 50,000 shares Weighted average purchase price: $1.1244 per share Post-transaction holdings: 3,065,266 shares +2 more

5 metrics

Shares purchased 50,000 shares Open-market purchase by family trust

Weighted average purchase price $1.1244 per share Open-market transaction

Post-transaction holdings 3,065,266 shares Indirectly held via family trust

Trade price range $1.115–$1.13 per share Multiple executions for this purchase

Net share change 50,000 shares Net-buy across reported transactions

Key Terms

open-market purchase, weighted average price, indirect ownership, Frank D. and Donna M. Martell Family Trust

4 terms

open-market purchase financial

"reported an open-market purchase of 50,000 shares of Class A Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"shares were bought at a weighted average price of about $1.12 per share"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

indirect ownership financial

"the trust holds 3,065,266 shares indirectly attributed to Martell"

Frank D. and Donna M. Martell Family Trust financial

"through the Frank D. and Donna M. Martell Family Trust"

FAQ

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

What did SmartRent (SMRT) CEO Frank Martell do in this Form 4 filing?

Frank Martell reported an indirect open-market purchase of 50,000 SmartRent Class A shares. The transaction was made through the Frank D. and Donna M. Martell Family Trust, which is associated with Martell and his spouse as co-trustees.

How many SmartRent (SMRT) shares did the CEO buy and at what price?

The CEO’s family trust bought 50,000 SmartRent Class A shares in the open market. The weighted average purchase price was approximately $1.1244 per share, with individual trades executed between $1.115 and $1.13 per share.

How many SmartRent (SMRT) shares does the Martell family trust hold after this trade?

Following the reported purchase, the Frank D. and Donna M. Martell Family Trust holds 3,065,266 SmartRent Class A shares. These shares are reported as indirect ownership for Frank Martell, reflecting the trust’s position after the latest transaction.

Is the SmartRent (SMRT) CEO’s purchase a direct or indirect holding?

The purchase is reported as indirect ownership for the CEO. The 50,000 SmartRent shares were acquired by the Frank D. and Donna M. Martell Family Trust, where Frank Martell and his spouse serve as co-trustees rather than as individual direct holders.

Was the SmartRent (SMRT) CEO’s share purchase executed in a single trade?

No, the trade was executed in multiple transactions. The filing notes that shares were bought at prices ranging from $1.115 to $1.13. The reported price represents the weighted average price across all individual trades that made up the 50,000-share purchase.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/08/2026 - 06:48 PM Learn about SEC filing dates

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^*

Martell Frank

(Last) (First) (Middle)

6811 E MAYO BLVD

SUITE 400

(Street)

PHOENIX ARIZONA 85054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SmartRent, Inc. [ SMRT ]

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)
05/08/2026

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
Class A Common Stock	05/08/2026		P		50,000	A	$1.1244(1)	3,065,266(2)	I	Frank D. and Donna M. Martell Family Trust

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:

1. This transaction was executed in multiple trades at prices ranging from $1.115 to $1.13. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. The number of shares held reflects the transfer of 451,470 shares of Common Stock from the Reporting Person to the Frank D. and Donna M. Martell Family Trust, under agreement dated December 10, 2025, of which the Reporting Person and his spouse are co-trustees.

	/s/ Frank Martell	05/08/2026
	** 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)