SmartRent CEO exercises 450,000 RSUs, updates holdings
SmartRent, Inc. CEO Frank Martell reported equity compensation-related transactions and updated holdings.
Rhea-AI Filing Summary
SmartRent, Inc. CEO Frank Martell reported equity compensation-related transactions and updated holdings. On June 30, 2026, he exercised 450,000 Restricted Stock Units into Class A Common Stock, reflecting vesting from a 1,800,000-unit CEO grant awarded on June 16, 2025. To cover tax obligations, 223,110 shares of Class A Common Stock were withheld, leaving 226,890 shares of Class A Common Stock held directly. Martell also reports indirect ownership of 3,345,196 Class A Common Stock shares through the Frank D. and Donna M. Martell Family Trust, of which he and his spouse are co-trustees, including 119,670 shares transferred to the trust under a December 10, 2025 agreement.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 450,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 450,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 223,110 | $1.22 | $272K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. The number of shares held reflects the transfer of 119,670 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.
- F3. 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.
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