[Form 4] SmartRent, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Daryl Stemm, Chief Financial Officer of SmartRent, Inc. (SMRT), reported changes in his beneficial ownership on 08/18/2025. The filing shows 833 Restricted Stock Units were recorded in Table II (each RSU converts to one share) and the RSUs vesting schedule is described: one-fourth vested on January 18, 2023, with the remainder vesting in equal monthly installments until fully vested. In Table I the report shows an acquisition of 833 Class A shares and a separate disposition of 349 Class A shares at $1.32 per share. Following the transactions, the reported beneficial holdings are shown as 82,483 and 82,134 Class A shares on the respective lines. The form is signed by Daryl Stemm and indicates this filing was made by one reporting person.

Positive

• Insider transparency: The CFO timely disclosed both the vesting of 833 RSUs and a contemporaneous sale, providing clear Section 16 reporting.
• Vesting schedule disclosed: The filing explains the RSU vesting pattern (one-fourth vested on Jan 18, 2023; remaining in 1/48 monthly installments).

Negative

• Disposition of shares: The reporting person sold 349 Class A shares at $1.32, reducing direct beneficial ownership on record.
• No explicit 10b5-1 statement: The form text does not explicitly state that the sale was made under a Rule 10b5-1 trading plan.

Insights

Financial Analyst

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.

Corporate Governance Expert

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.

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.

FAQ

What did SMRT CFO Daryl Stemm report on Form 4 dated 08/18/2025?

The filing reports the vesting of 833 Restricted Stock Units, an acquisition entry of 833 Class A shares, and a sale of 349 Class A shares at $1.32.

How many shares did Daryl Stemm own after the reported transactions?

The filing shows reported beneficial ownership amounts of 82,483 and 82,134 Class A shares on the respective reporting lines after the transactions.

What is the vesting schedule for the reported Restricted Stock Units?

Each RSU converts to one Class A share; one-fourth vested on January 18, 2023, with the remainder vesting in 1/48 equal monthly installments until fully vested.

At what price were the shares sold in the reported transaction?

The Form 4 shows a disposition of 349 Class A shares at $1.32 per share.

Was this Form 4 filed by a single reporting person or multiple filers?

The metadata on the form indicates the form was filed by one reporting person.