SmartRent CEO buys 100,000 shares, gets RSU grants
SmartRent, Inc. Chief Executive Officer Frank Martell reported several equity transactions.
Rhea-AI Filing Summary
SmartRent, Inc. Chief Executive Officer Frank Martell reported several equity transactions. Through the Frank D. and Donna M. Martell Family Trust, he made an open-market purchase of 100,000 shares of Class A Common Stock at a weighted average price of $1.1785 per share.
Martell also received grants of 600,000 and 131,578 Restricted Stock Units, which each represent a right to one share of Class A Common Stock. Separately, 182,926 RSUs vested into shares, and 63,256 shares were withheld to cover tax obligations. Following these transactions, he holds 3,165,266 shares indirectly and 119,670 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100,000 shares
Net Buy
6 txns
Insider
Martell Frank
Role
Chief Executive Officer
Bought
100,000 shs ($118K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 131,578 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 600,000 | $0.00 | $0.00 |
| Purchase | Class A Common Stock | 100,000 | $1.1785 | $118K |
| Exercise Price or Tax Liability | Class A Common Stock | 63,256 | $1.12 | $71K |
| Exercise | Restricted Stock Units | 182,926 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 182,926 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 731,578 contracts (Direct);
Class A Common Stock — 3,165,266 shares (Indirect, Frank D. and Donna M. Martell Family Trust);
Class A Common Stock — 119,670 shares (Direct)
Footnotes (6)
- F1. This transaction was executed in multiple trades at prices ranging from $1.16 to $1.19. The price reported above reflects the weighted average purchase 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. Represents shares acquired upon vesting of Restricted Stock Units (RSUs).
- F3. 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.
- F4. The RSUs vested in full on May 11, 2026.
- F5. The RSUs shall vest in full upon the earlier of (i) May 12, 2027 or (ii) the date immediately prior to the Issuer's next annual meeting of stockholders.
- F6. On May 12, 2026, the reporting person was granted 600,000 RSUs, vesting in four substantially equal quarterly installments, commencing on September 30, 2026.
Key Figures
Open-market purchase: 100,000 shares at $1.1785
Tax-withholding shares: 63,256 shares at $1.12
Vested RSUs: 182,926 RSUs
+4 more
7 metrics
Open-market purchase
100,000 shares at $1.1785
Class A Common Stock bought on May 12, 2026
Tax-withholding shares
63,256 shares at $1.12
Shares withheld to cover tax obligations
Vested RSUs
182,926 RSUs
RSUs vested in full on May 11, 2026
New RSU grant
600,000 RSUs
Grant on May 12, 2026, vesting quarterly from Sept 30, 2026
Additional RSU grant
131,578 RSUs
Vests on May 12, 2027 or before next annual meeting
Indirect share holdings
3,165,266 shares
Class A Common Stock held via family trust after transactions
Direct share holdings
119,670 shares
Class A Common Stock held directly after transactions
Key Terms
Restricted Stock Units, open-market purchase, tax-withholding disposition, weighted average purchase price, +2 more
6 terms
Restricted Stock Units financial
"Represents shares acquired upon vesting of Restricted Stock Units (RSUs)."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market purchase financial
"Purchase in open market or private transaction"
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
weighted average purchase price financial
"executed in multiple trades at prices ranging from $1.16 to $1.19. The price reported above reflects the weighted average purchase price."
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
vest in full financial
"The RSUs vested in full on May 11, 2026."
substantially equal quarterly installments financial
"granted 600,000 RSUs, vesting in four substantially equal quarterly installments, commencing on September 30, 2026."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SmartRent (SMRT) CEO Frank Martell buy in this Form 4?
Frank Martell, SmartRent’s CEO, purchased 100,000 shares of Class A Common Stock in an open-market transaction at a weighted average price of $1.1785 per share, increasing his indirect holdings through the Frank D. and Donna M. Martell Family Trust.
How many RSUs did the SmartRent (SMRT) CEO receive in this filing?
Frank Martell received grants of 600,000 Restricted Stock Units and an additional 131,578 RSUs. Each RSU represents a contingent right to receive one share of SmartRent Class A Common Stock, subject to vesting conditions described in the award terms.
What RSUs vested for SmartRent (SMRT) CEO Frank Martell?
A block of 182,926 Restricted Stock Units vested into Class A Common Stock for Frank Martell. According to the disclosure, the RSUs vested in full on May 11, 2026, converting into an equivalent number of common shares at that time.
How do SmartRent (SMRT) RSU vesting terms work for the CEO awards?
One RSU grant vested in full on May 11, 2026, while another grant will vest in full on the earlier of May 12, 2027 or immediately before the next annual stockholder meeting. A 600,000 RSU grant vests in four equal quarterly installments starting September 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
