SmartRent Insider Purchase: 50,000 Shares by CEO Frank Martell

Rhea-AI Filing Summary

Insider purchase reported by SmartRent, Inc. (SMRT): Frank Martell, the company's CEO and a director, acquired 50,000 shares of Class A common stock on 09/16/2025 at a weighted-average price of $1.5823 per share. After the transaction, beneficial ownership attributable to the Frank D. and Donna M. Martell Family Trust is reported as 898,204 shares. The filing states the 50,000-share purchase was executed in multiple trades at prices ranging from $1.555 to $1.65, and the reported price is the weighted average. The report is a Form 4 disclosure of changes in beneficial ownership by an officer/director.

Positive

• Reported insider purchase of 50,000 Class A shares, showing active acquisition by the CEO/director
• Transparent pricing disclosure: weighted-average price $1.5823 and execution range $1.555–$1.65 provided
• Post-transaction beneficial ownership attributable to the Frank D. and Donna M. Martell Family Trust totals 898,204 shares

Negative

• None.

Insights

Securities Analyst

TL;DR: CEO Frank Martell purchased 50,000 SMRT shares at a weighted average $1.5823, increasing trust-attributable ownership to 898,204 shares.

This Form 4 documents a straightforward open-market acquisition by the CEO/director. The disclosed weighted-average price ($1.5823) and the execution range ($1.555–$1.65) provide clear transaction detail. The filing identifies the beneficial owner as the Frank D. and Donna M. Martell Family Trust, indicating the ownership is held indirectly. As a routine Section 16 disclosure, the item confirms insider activity but does not include additional corporate events or financings.

Corporate Governance Expert

TL;DR: Filing shows compliance with Section 16 reporting following a 50,000-share purchase by the CEO, recorded as indirect trust ownership.

The Form 4 is concise and includes an explanation that the transaction occurred in multiple trades with a disclosed price range and weighted average. It identifies the reporter as both an officer (CEO) and director and clarifies the indirect ownership vehicle. The document meets disclosure expectations for an insider purchase; it contains no amendments, option activity, or other governance changes.

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^*

Martell Frank

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

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	09/16/2025		P		50,000	A	$1.5823(1)	898,204	I	Frank D. and Donna M. Martell Family Trust

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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $1.555 to $1.65. 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.

	/s/ Frank Martell	09/16/2025
	** 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 Frank Martell report buying in the Form 4 for SMRT?

The filing shows purchase of 50,000 Class A common shares executed on 09/16/2025.

At what price were the SMRT shares purchased according to the Form 4?

The weighted-average price reported is $1.5823 per share, with trades ranging from $1.555 to $1.65.

How many SMRT shares does the Martell family trust beneficially own after the transaction?

The Form 4 reports 898,204 shares beneficially owned following the reported purchase.

What is Frank Martell's role at SmartRent as shown on the filing?

The filing identifies Frank Martell as both Chief Executive Officer and a Director of SmartRent.

When was the transaction in the Form 4 executed?

The transaction date reported is 09/16/2025.