[Form 4] SmartRent, Inc. Insider Trading Activity

Rhea-AI Filing Summary

SmartRent, Inc. (SMRT) – Form 4 insider filing dated 06/24/2025

Director Thomas N. Bohjalian reported the grant of 146,062 Restricted Stock Units (RSUs) at an exercise price of $0.00. Each RSU entitles the holder to receive one share of SmartRent Class A common stock upon vesting. The award vests in full on the earlier of May 13, 2026 (one-year anniversary of the last annual meeting) or immediately prior to the next annual meeting, provided the director remains in service through the vesting date. Following the transaction, Mr. Bohjalian beneficially owns 146,062 derivative securities directly. No non-derivative share transactions were reported.

The filing reflects routine director compensation and signals continued board-level alignment with shareholders. The size of the grant is modest relative to typical public-company equity plans and does not materially alter SmartRent’s share count or capital structure.

Insights

Corporate Governance Expert

TL;DR: Standard director equity grant; neutral governance impact.

This Form 4 discloses a single RSU grant to Director Thomas Bohjalian. The vesting schedule—earlier of one year or next annual meeting—is customary, reinforcing annual board accountability. At 146 k shares, the grant is immaterial versus SmartRent’s total outstanding shares and therefore poses negligible dilution. Because the award is service-based with no performance hurdles, it primarily incentivizes board retention rather than operational targets. Overall, the transaction is routine and has no immediate valuation implications.

Securities Analyst

TL;DR: Minor insider RSU grant; no investment thesis change.

The filing shows insider activity limited to compensation, not open-market buying or selling. Such equity grants are typical and do not signal management’s view on current valuation. With no cash outlay and no immediate share issuance, the grant’s dilutive effect will occur only upon vesting and settlement, and even then remains de minimis. I classify the disclosure as informational, with neutral impact on SMRT’s near-term share price.

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
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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^*

Bohjalian Thomas N

(Last) (First) (Middle)

6811 E MAYO BLVD

4TH FLOOR

(Street)

PHOENIX AZ 85054

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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

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)	06/24/2025		A		146,062		(2)	(2)	Class A Common Stock	146,062	$0.00	146,062	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 RSUs shall vest in full upon the earlier of (i) May 13, 2026, which is the one-year anniversary of the date of the Company's then most recently held annual meeting of stockholders or (ii) the date immediately prior to the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service through such vesting date.

	/s/ Thomas N. Bohjalian	06/24/2025
	** 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.
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FAQ

What insider transaction did SmartRent (SMRT) report on 06/24/2025?

SMRT’s Form 4 shows Director Thomas N. Bohjalian received 146,062 RSUs at no cost.

When will the 146,062 RSUs granted to Thomas Bohjalian vest?

They vest on the earlier of May 13, 2026 or immediately before SmartRent’s next annual meeting.

How many SmartRent shares does Bohjalian own after this transaction?

He beneficially owns 146,062 derivative securities (RSUs); no direct common shares were reported.

Does the Form 4 indicate any stock purchases or sales by the director?

No. The filing only reports an equity award; there were no open-market buys or sells.

Is the RSU grant expected to materially dilute SmartRent shareholders?

Given the modest size of 146 k shares, the potential dilution is immaterial to total shares outstanding.