SMRT Form 4: Frank Martell Buys 150K Class A Shares, Weighted Avg $1.25

Rhea-AI Filing Summary

Frank Martell, who is listed as Chief Executive Officer and a director of SmartRent, Inc. (SMRT), reported acquiring 150,000 shares of Class A common stock on 08/08/2025 on a Form 4. The filing shows a weighted average price of $1.25 and an execution range of $1.19 to $1.30 across multiple trades.

The Form 4 records that after the reported transaction the reporting person (indirectly through the Frank D. and Donna M. Martell Family Trust) beneficially owns 398,204 shares. The filer notes they will provide detailed per-trade information on request.

Positive

• CEO and Director reported an acquisition of 150,000 Class A shares, providing transparent insider activity.
• Execution range disclosed (trades between $1.19 and $1.30) with a weighted-average price of $1.25, and an offer to supply per-trade details on request.

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO Frank Martell acquired 150,000 SMRT shares at a $1.25 weighted average; post-transaction indirect holdings are 398,204 shares.

The Form 4 documents an insider acquisition of 150,000 Class A shares executed across multiple trades at prices between $1.19 and $1.30, reported at a weighted average of $1.25. The filing shows the position is held indirectly via a family trust and the reporter offers to supply per-trade details on request. Materiality cannot be assessed from this filing alone because the total outstanding share count and the issuer's market context are not provided in the document.

Corporate Governance Expert

TL;DR: Insider transaction executed in multiple trades and held indirectly through a family trust; Form 4 supplies weighted-average price and offers further trade detail on request.

The disclosure is complete in identifying the reporting person, relationship to the issuer (CEO and director), the number of shares transacted (150,000), the weighted-average price ($1.25), and the resulting indirect beneficial ownership (398,204). The filing’s note that detailed trade-by-trade information is available on request is important for transparency. Without additional company-level data in this filing, the governance implications are limited to the factual disclosure presented.

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)
08/08/2025

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	08/08/2025		P		150,000	A	$1.25(1)	398,204	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 $1.19 to $1.30. 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	08/11/2025
	** 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 transaction did Frank Martell report on the SMRT Form 4?

The Form 4 reports an acquisition of 150,000 Class A shares executed on 08/08/2025.

At what price were the SMRT shares transacted?

The filing reports a weighted average price of $1.25; individual trades ranged from $1.19 to $1.30.

How many SMRT shares does the reporting person beneficially own after the transaction?

After the reported transaction, the reporting person beneficially owns 398,204 shares indirectly via the Frank D. and Donna M. Martell Family Trust.

What is the reporting person's relationship to SmartRent (SMRT)?

The reporting person is listed as Chief Executive Officer and a Director of SmartRent, Inc.

Does the Form 4 provide per-trade details for the transaction?

The filing states the transaction was executed in multiple trades and the reporter offers to provide per-trade information on request to the SEC staff, the issuer, or a security holder.