SMRT Form 4: Frank Martell Acquires 100,000 Class A Shares at ~$1.48 Avg

Rhea-AI Filing Summary

Insider purchases increased beneficial ownership in SmartRent (SMRT). Frank Martell, SmartRent's CEO and a director, reported two separate purchases of Class A common stock in September 2025. On 09/12/2025 he acquired 50,000 shares at a weighted average price of $1.4387, and on 09/15/2025 he acquired 50,000 shares at a weighted average price of $1.5313. After these transactions, the filing shows beneficial ownership of 848,204 shares held indirectly through the Frank D. and Donna M. Martell Family Trust. The transactions were executed in multiple trades at the disclosed price ranges and the form is signed by Frank Martell.

Positive

• 100,000 Class A shares acquired by the reporting person across two open-market transactions
• Beneficial ownership increased to 848,204 shares held indirectly via the Frank D. and Donna M. Martell Family Trust
• Full disclosure provided including transaction dates, weighted average prices, execution price ranges, and signature

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO executed two small open-market purchases totalling 100,000 Class A shares, modestly increasing indirect beneficial ownership to 848,204 shares.

The Form 4 documents routine open-market purchases rather than derivative exercises. The transactions occurred on 09/12/2025 and 09/15/2025 at weighted average prices of $1.4387 and $1.5313 respectively, for a total of 100,000 shares acquired. The filing reports ownership is indirect via the Frank D. and Donna M. Martell Family Trust. From a capital-markets perspective, these are straightforward purchases that change stated beneficial holdings; they do not involve options, warrants, or sales disclosed in this filing. The reported prices reflect multiple trades in specified price ranges.

Corporate Governance Expert

TL;DR: Disclosure is complete for Form 4 requirements: transaction dates, amounts, prices, and indirect ownership are reported and signature provided.

The Form 4 includes required details: reporting person identity and address, relation to issuer (CEO and director), transaction codes, dates, share amounts, weighted average prices with explanatory price ranges, and the nature of indirect ownership (family trust). The filing is signed and dated 09/15/2025. There are no amendments or derivative transactions attached to this Form 4. For governance review, the record shows transparent reporting consistent with Section 16(a) obligations.

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)
09/12/2025

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	09/12/2025		P		50,000	A	$1.4387(1)	798,204	I	Frank D. and Donna M. Martell Family Trust
Class A Common Stock	09/15/2025		P		50,000	A	$1.5313(2)	848,204	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 $1.415 to $1.47. 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 $1.48 to $1.56. 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	09/15/2025
	** 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 the Form 4 for SMRT?

He reported two open-market purchases: 50,000 Class A shares on 09/12/2025 at a weighted average price of $1.4387 and 50,000 Class A shares on 09/15/2025 at a weighted average price of $1.5313.

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

848,204 shares are reported as beneficially owned following the transactions, held indirectly through the Frank D. and Donna M. Martell Family Trust.

Were the reported transactions stock purchases or derivative exercises?

The Form 4 shows non-derivative purchases of Class A common stock (transaction code P) and no derivative securities were reported on this filing.

What price ranges were the trades executed at according to the filing?

09/12/2025 trades ranged $1.415 to $1.47 (weighted avg $1.4387) and 09/15/2025 trades ranged $1.48 to $1.56 (weighted avg $1.5313).

What role does Frank Martell have at SmartRent as stated in the filing?

He is identified as Chief Executive Officer and a Director of SmartRent, Inc.