SmartRent CEO buys 60,260 shares in open market
SmartRent, Inc. director and Chief Executive Officer Frank Martell, through the Frank D. and Donna M. Martell Family Trust, bought a total of 60,260 shares of Class A common stock in open-market purchases.
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Form Type
4
Rhea-AI Filing Summary
SmartRent, Inc. director and Chief Executive Officer Frank Martell, through the Frank D. and Donna M. Martell Family Trust, bought a total of 60,260 shares of Class A common stock in open-market purchases. The shares were acquired at weighted average prices of about $1.19 and $1.13 per share. Following these transactions, the trust holds 3,225,526 SmartRent shares indirectly associated with Martell.
Insider Trade Summary
Net Buyer: 60,260 shares
Net Buy
2 txns
Insider
Martell Frank
Role
Chief Executive Officer
Bought
60,260 shs ($69K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 40,260 | $1.1265 | $45K |
| Purchase | Class A Common Stock | 20,000 | $1.1864 | $24K |
Holdings After Transaction:
Class A Common Stock — 3,225,526 shares (Indirect, Frank D. and Donna M. Martell Family Trust)
Footnotes (2)
- F1. This transaction was executed in multiple trades at prices ranging from $1.18 to $1.19. 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.
- F2. This transaction was executed in multiple trades at prices ranging from $1.10 to $1.18. 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.
Key Figures
Total shares bought: 60,260 shares
First trade size: 20,000 shares
First trade price: $1.1864 per share
+3 more
6 metrics
Total shares bought
60,260 shares
Open-market purchases reported on Form 4
First trade size
20,000 shares
Class A Common Stock on 2026-06-04
First trade price
$1.1864 per share
Weighted average price for 20,000-share purchase
Second trade size
40,260 shares
Class A Common Stock on 2026-06-05
Second trade price
$1.1265 per share
Weighted average price for 40,260-share purchase
Post-transaction holdings
3,225,526 shares
Indirectly held by Martell Family Trust after purchases
Key Terms
open-market purchase, indirect ownership, weighted average price, Class A Common Stock, +1 more
5 terms
open-market purchase financial
"transaction_action: "open-market purchase" for each SmartRent trade"
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.
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership as Martell Family Trust"
weighted average price financial
"The price reported above reflects the weighted average price."
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.
Class A Common Stock financial
"security_title: "Class A Common Stock" for both transactions"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Family Trust financial
"nature_of_ownership: "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 report in this Form 4?
Frank Martell reported buying 60,260 SmartRent Class A common shares through the Frank D. and Donna M. Martell Family Trust. The purchases were open-market transactions at prices near $1.19 and $1.13 per share, increasing the trust’s indirect holdings to 3,225,526 shares.
Are the SmartRent (SMRT) insider transactions direct or indirect holdings?
The reported SmartRent transactions involve indirect holdings. All 60,260 purchased shares are held by the Frank D. and Donna M. Martell Family Trust, which is listed as the nature of ownership, rather than being directly owned by Frank Martell personally.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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