[Form 4] SmartRent, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SmartRent, Inc. CEO Frank Martell reported a compensation-related share acquisition. On March 31, 2026, he exercised 450,000 Restricted Stock Units, receiving an equal number of Class A Common shares at an exercise price of $0.00 per share.
Following the transactions, Martell held 451,470 Class A shares directly, including 1,470 shares acquired under SmartRent’s 2021 Employee Stock Purchase Plan. He also held 2,563,796 shares indirectly through the Frank D. and Donna M. Martell Family Trust after the transfer of 450,000 shares to that trust.
The RSUs exercised were part of a 1,800,000-unit Restricted Stock Unit grant awarded on June 16, 2025, which vests in four substantially equal quarterly installments so that all units are vested by June 30, 2026. These actions reflect equity compensation vesting and internal ownership structuring rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
450,000 shares exercised/converted
Mixed
3 txns
Insider
Martell Frank
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 450,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 450,000 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 450,000 shares (Direct);
Class A Common Stock — 451,470 shares (Direct);
Class A Common Stock — 2,563,796 shares (Indirect, Frank D. and Donna M. Martell Family Trust)
Footnotes (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. Includes 1,470 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan. The number of shares held reflects the transfer of 450,000 shares of Common Stock from the Reporting Person to the Frank D. and Donna M. Martell Family Trust, under agreement dated December 10, 2025, of which the Reporting Person and his spouse are co-trustees. On June 16, 2025, the reporting person was granted 1,800,000 Restricted Stock Units, vesting in four substantially equal quarterly installments, such that 100% of the RSUs subject to the CEO Grant will be vested as of June 30, 2026.
Key Figures
RSUs exercised: 450,000 units
Exercise price: $0.00 per share
Direct holdings after transaction: 451,470 shares
+5 more
8 metrics
RSUs exercised
450,000 units
Restricted Stock Units converted to Class A Common Stock on March 31, 2026
Exercise price
$0.00 per share
Price for 450,000 RSUs converted into Class A Common Stock
Direct holdings after transaction
451,470 shares
Class A Common Stock held directly by Frank Martell after March 31, 2026
Indirect holdings via family trust
2,563,796 shares
Class A Common Stock held through Frank D. and Donna M. Martell Family Trust
Shares transferred to trust
450,000 shares
Transfer from Martell to the family trust under December 10, 2025 agreement
Total RSU grant size
1,800,000 units
Restricted Stock Units granted June 16, 2025 under CEO grant
RSU vesting completion date
June 30, 2026
Date by which 100% of the CEO RSU grant is vested
ESPP shares included
1,470 shares
Shares acquired under SmartRent’s 2021 Employee Stock Purchase Plan
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, Family Trust, indirect, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Class A Common Stock"
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.
Employee Stock Purchase Plan financial
"Includes 1,470 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Family Trust financial
"transfer of 450,000 shares of Common Stock from the Reporting Person to the Frank D. and Donna M. Martell Family Trust"
indirect financial
"total_shares_following_transaction 2563796.0000, ownership_type indirect, nature_of_ownership Frank D. and Donna M. Martell Family Trust"
vesting financial
"vesting in four substantially equal quarterly installments, such that 100% of the RSUs subject to the CEO Grant will be vested as of June 30, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did SmartRent (SMRT) CEO Frank Martell report?
Frank Martell exercised 450,000 Restricted Stock Units into Class A shares. The March 31, 2026 transaction converted equity awards at $0.00 per share, reflecting vesting of previously granted compensation rather than an open-market stock purchase or sale.
What are the terms of Frank Martell’s 1,800,000 SmartRent RSU grant?
Martell received 1,800,000 Restricted Stock Units on June 16, 2025. These RSUs vest in four substantially equal quarterly installments, so that 100% of the CEO grant is vested as of June 30, 2026, aligning compensation with multi-quarter service.
Was Frank Martell’s SmartRent (SMRT) Form 4 a stock sale in the open market?
No, the Form 4 mainly reports an RSU exercise and share transfer to a trust. Martell converted 450,000 RSUs at $0.00 per share and shifted 450,000 shares to a family trust, with no open-market sales disclosed in this data.
What is the role of the Frank D. and Donna M. Martell Family Trust in SmartRent holdings?
The family trust holds 2,563,796 SmartRent Class A shares indirectly for Martell. Footnotes state 450,000 shares were transferred from Martell to the trust under a December 10, 2025 agreement, with Martell and his spouse serving as co-trustees.