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SmartRent CFO exercises RSUs and withholds shares for tax

SmartRent, Inc. CFO Daryl Stemm exercised 833 Restricted Stock Units on August 18, 2025, receiving 833 shares of Class A Common Stock at no cost.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SmartRent, Inc. CFO Daryl Stemm exercised 833 Restricted Stock Units on August 18, 2025, receiving 833 shares of Class A Common Stock at no cost. Of these, 349 shares were withheld at $1.32 per share to satisfy tax obligations. After these transactions, he directly holds 82,134 shares of Class A Common Stock, with 4,167 Restricted Stock Units reported as remaining.

Positive

  • None.

Negative

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Insights

TL;DR: Small insider vesting and a modest sale; immaterial to company valuation but useful for transparency.

The filing documents the vesting of 833 Restricted Stock Units and a contemporaneous sale of 349 Class A shares at $1.32. The net reported beneficial holdings remain around the low 82,000-share level. These transactions appear routine: scheduled RSU vesting and a partial disposition. There is no disclosure in the filing of any material, company-level event, financing, or change in control tied to these trades. For valuation models, the magnitude of the sale is small relative to typical market capitalizations of public companies, and no new forward-looking information is provided in this Form 4.

TL;DR: Filing complies with Section 16 disclosure; transactions seem consistent with standard compensation vesting and an open-market sale.

The Form 4 properly identifies the reporting person, relationship (CFO), transaction dates, and the vesting schedule for Restricted Stock Units. The inclusion of both acquisition (RSU conversion) and a disposition at a specified price shows appropriate insider disclosure. The filing does not state any trading plan designation explicitly within the text provided, nor does it link transactions to a 10b5-1 plan; therefore, readers should not assume a prearranged trading plan unless separately disclosed. Overall, this is a routine governance disclosure with no flags for noncompliance based on the information shown.

Insider STEMM DARYL
Role CFO
Type Security Shares Price Value
Exercise Restricted Stock Units 833 $0.00 $0.00
Exercise Class A Common Stock 833 $0.00 $0.00
Exercise Price or Tax Liability Class A Common Stock 349 $1.32 $460.68
Holdings After Transaction: Restricted Stock Units — 4,167 contracts (Direct); Class A Common Stock — 82,134 shares (Direct)
Footnotes (2)
  1. F1. 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. F2. 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.
RSUs Exercised 833 Restricted Stock Units Exercised on August 18, 2025
Shares Issued from RSUs 833 shares of Class A Common Stock Received upon RSU exercise at $0.0000 per share
Shares Withheld for Taxes 349 shares Tax-withholding disposition at $1.3200 per share
Tax Withholding Price $1.3200 per share Applied to 349 withheld shares of Class A Common Stock
Remaining Restricted Stock Units 4,167 RSUs Restricted Stock Units reported following the transaction
Post-Transaction Share Holdings 82,134 shares Direct holdings of Class A Common Stock after transactions
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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.
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.
Class A Common Stock financial
"receive one share of the issuer's Class A Common Stock, par value $0.001"
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.

FAQ

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

What did SmartRent (SMRT) CFO Daryl Stemm report in this Form 4?

Daryl Stemm exercised 833 RSUs82,134 shares

How many SmartRent (SMRT) shares does CFO Daryl Stemm own after the reported transactions?

After the reported activity, Daryl Stemm directly holds 82,134 sharesRSU conversion

What RSU activity for SmartRent (SMRT) is disclosed for Daryl Stemm?

The filing shows Daryl Stemm exercised 833 Restricted Stock Unitsvesting schedule

How were taxes handled on Daryl Stemm’s SmartRent (SMRT) RSU vesting?

To cover taxes, 349 shares$1.32 per share

How many Restricted Stock Units remain for SmartRent (SMRT) CFO Daryl Stemm?

Following the August 18, 2025 RSU exercise, the Form 4 reports 4,167 Restricted Stock Unitsvesting schedule

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

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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*
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)
08/18/2025
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 08/18/2025 M 833 A (1) 82,483 D
Class A Common Stock 08/18/2025 F 349 D $1.32 82,134 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) 08/18/2025 M 833 (2) (2) Class A Common Stock 833 $0.00 4,167 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 08/18/2025
** 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.

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