[Form 4] SmartRent, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Daryl Stemm, CFO of SmartRent, Inc. (SMRT). Transactions on 09/18/2025: the filing reports non-derivative and derivative activity. For Class A Common Stock the form lists a Code M entry for 833 shares (acquired) and a Code F disposition of 349 shares at $1.64, leaving 82,618 shares beneficially owned following the reported non-derivative transactions. For derivative securities, 833 Restricted Stock Units were reported (Code M) representing the right to receive 833 shares; after the transactions the reporting person beneficially owns 3,334 shares underlying RSUs. The RSUs vest one-fourth on January 18, 2023 with the remainder vesting in 1/48 monthly installments until fully vested.

Positive

• Timely disclosure of insider transactions via Form 4 with signature present
• Clear RSU vesting schedule explicitly stated, improving transparency about future share delivery
• Substantial remaining direct ownership reported: 82,618 Class A shares still held following the transactions

Negative

• Reported disposition of 349 Class A shares at $1.64 (insider sale)

Insights

Financial Analyst

TL;DR: Insider filed routine Form 4 showing a small disposition and continued meaningful ownership.

The Form 4 documents an insider transaction dated 09/18/2025 in which CFO Daryl Stemm recorded an acquisition-type entry for 833 Class A shares and a disposition of 349 Class A shares at $1.64, leaving 82,618 directly held shares. The filing also reports 833 Restricted Stock Units (RSUs) with 3,334 underlying shares beneficially owned after the transaction. These RSU vesting terms are explicit: one-fourth vested on January 18, 2023 with remaining vesting in 1/48 monthly installments. The reported sale size is small relative to total holdings disclosed here, suggesting limited immediate impact on capitalization or control.

Corporate Governance Expert

TL;DR: Disclosure is clear and follows Section 16 reporting; transactions appear routine.

The filing provides required Section 16 disclosure for the CFO and shows both non-derivative and derivative activity with explicit ownership counts post-transaction. Vesting schedule for RSUs is provided and signature is present, indicating compliance with filing formalities. The reported disposition of 349 shares at $1.64 is documented; no badges of atypical governance issues or material executive departures are disclosed in this form.

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).

1. Name and Address of Reporting Person^*

STEMM DARYL

(Last) (First) (Middle)

8665 E HARTFORD DRIVE SUITE 200

(Street)

SCOTTSDALE AZ 85255

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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
Class A Common Stock	09/18/2025		M		833	A	(1)	82,967	D
Class A Common Stock	09/18/2025		F		349	D	$1.64	82,618	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
Restricted Stock Units	(1)	09/18/2025		M			833	(2)	(2)	Class A Common Stock	833	$0.00	3,334	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Class A Common Stock, par value $0.001 per share.

2. The Restricted Stock Units vest as follows: one-fourth vested on January 18, 2023 with the remaining vesting in 1/48 equal monthly installments until vested in full.

	/s/ Daryl Stemm	09/18/2025
	** 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 transactions did SMRT CFO Daryl Stemm report on 09/18/2025?

Daryl Stemm reported an acquisition-type entry for 833 Class A shares and a disposition of 349 Class A shares at $1.64 on 09/18/2025.

How many Class A shares does Daryl Stemm beneficially own after the reported transactions?

82,618 Class A shares are reported as beneficially owned following the non-derivative transactions.

How many RSU-based shares are reported and what is the post-transaction RSU count?

833 Restricted Stock Units were reported on 09/18/2025 and the filing shows 3,334 underlying shares beneficially owned following the derivative transactions.

What are the RSU vesting terms disclosed in the Form 4?

One-fourth of the RSUs vested on January 18, 2023 and the remainder vests in 1/48 equal monthly installments until fully vested.

At what price were shares disposed of in the reported transaction?

349 Class A shares were disposed of at $1.64 per share as shown in the filing.