Form 4: Frank Martell buys 230,000 Class A shares at ~$1.30 average

Rhea-AI Filing Summary

Frank Martell, identified as a Director and Chief Executive Officer of SmartRent, Inc. (SMRT), filed a Form 4 reporting acquisitions of Class A common stock on 08/11/2025 and 08/12/2025. The filing shows an acquisition of 100,000 shares on 08/11/2025 at a weighted average price of $1.2648 and 130,000 shares on 08/12/2025 at a weighted average price of $1.371, for a total of 230,000 shares acquired.

The report states these shares are held indirectly through the Frank D. and Donna M. Martell Family Trust, with beneficial ownership following the transactions of 498,204 shares after the 08/11 trade and 628,204 shares after the 08/12 trade. The filing notes the trades were executed in multiple trades with price ranges of $1.24–$1.28 and $1.34–$1.39, and the form is signed by Frank Martell on 08/12/2025.

Positive

• Insider acquisitions totaling 230,000 shares reported by the CEO/Director, indicating increased insider ownership.
• Post-transaction indirect beneficial ownership increased to 628,204 shares held via the Frank D. and Donna M. Martell Family Trust.
• Weighted average prices and execution ranges disclosed ($1.2648 with range $1.24–$1.28; $1.371 with range $1.34–$1.39), providing transaction transparency.

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO acquired 230,000 Class A shares at weighted averages around $1.30, increasing indirect ownership to 628,204 shares.

The Form 4 documents two acquisitions totaling 230,000 Class A shares on consecutive days with weighted average prices of $1.2648 and $1.371. These purchases raised the reporting person’s indirect beneficial ownership to 628,204 shares through a family trust. The filing discloses execution in multiple trades and provides price ranges for transparency. For market impact, the absolute share count and low per-share prices suggest a modest-sized insider accumulation relative to typical institutional volumes; the filing itself does not disclose total outstanding shares or percentage ownership, so relative materiality cannot be determined from this document alone.

Corporate Governance Expert

TL;DR: Form 4 properly reports insider acquisitions and identifies indirect ownership via a family trust; signed and dated.

The filing identifies the reporting person as both a Director and the CEO and specifies the Frank D. and Donna M. Martell Family Trust as the vehicle for indirect beneficial ownership. The report is filed by one reporting person and is signed on 08/12/2025. The explanation section states the transactions were executed in multiple trades and offers to provide full execution details upon request. The form lists transaction code P but does not define the code within the document; no amendments or additional disclosures are included.

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)
08/11/2025

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	08/11/2025		P		100,000	A	$1.2648(1)	498,204	I	Frank D. and Donna M. Martell Family Trust
Class A Common Stock	08/12/2025		P		130,000	A	$1.371(2)	628,204	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 $1.24 to $1.28. 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.

2. This transaction was executed in multiple trades at prices ranging from $1.34 to $1.39. 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	08/12/2025
	** 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 transactions did Frank Martell report on Form 4 for SmartRent (SMRT)?

The Form 4 reports acquisitions of 100,000 Class A shares on 08/11/2025 and 130,000 Class A shares on 08/12/2025.

How many SmartRent shares does Frank Martell beneficially own after these transactions?

The filing shows indirect beneficial ownership of 498,204 shares after the 08/11 trade and 628,204 shares after the 08/12 trade.

At what prices were the SMRT shares acquired?

The weighted average prices reported are $1.2648 for the 08/11 trades and $1.371 for the 08/12 trades; disclosed execution ranges were $1.24–$1.28 and $1.34–$1.39, respectively.

Through what vehicle are the shares held?

The shares are held indirectly through the Frank D. and Donna M. Martell Family Trust as stated in the Form 4.

When was the Form 4 signed and filed?

The signature block shows /s/ Frank Martell with the date 08/12/2025.