SmartRent (SMRT) General Counsel converts 28,435 RSUs, holds 39,817 shares
Rhea-AI Filing Summary
SmartRent, Inc. General Counsel Brian Michael McQuaid reported transactions involving Restricted Stock Units (RSUs) that convert into Class A Common Stock. On 2026-08-14, he exercised or converted 28,435 RSUs, resulting in the acquisition of 28,435 shares of Class A Common Stock and direct ownership of 39,817 shares, which includes 1,470 shares acquired under the 2021 Employee Stock Purchase Plan. After the transaction, he directly held 85,305 RSUs, which vest over time starting on August 14, 2026, with one-fourth vesting then and the remainder in equal annual installments until fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 28,435 shares
Net Buy
2 txns
Insider
McQuaid Brian Michael
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 28,435 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1, F2 | 28,435 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 85,305 shares (Direct);
Class A Common Stock — 39,817 shares (Direct)
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. Includes 1,470 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan.
- F3. The Restricted Stock Units vest as follows: one-fourth will vest on August 14, 2026 with the remaining vesting in equal annual installments until vested in full.
Key Figures
RSUs exercised or converted: 28,435 Restricted Stock Units
Shares acquired: 28,435 shares of Class A Common Stock
Shares held after transaction: 39,817 shares of Class A Common Stock
+3 more
6 metrics
RSUs exercised or converted
28,435 Restricted Stock Units
Derivative transaction on 2026-08-14
Shares acquired
28,435 shares of Class A Common Stock
Result of RSU exercise/conversion on 2026-08-14
Shares held after transaction
39,817 shares of Class A Common Stock
Direct ownership following non-derivative transaction
Shares via ESPP
1,470 shares
Included in post-transaction share holdings under 2021 Employee Stock Purchase Plan
RSUs held after transaction
85,305 Restricted Stock Units
Direct derivative holdings following RSU exercise/conversion
Initial RSU vesting date
August 14, 2026
One-fourth of the RSUs vest on this date
Key Terms
Restricted Stock Units, Class A Common Stock, Employee Stock Purchase Plan, vesting
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"receive one share of the issuer's Class A Common Stock, par value $0.001"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Employee Stock Purchase Plan financial
"Includes 1,470 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
vesting financial
"The Restricted Stock Units vest as follows: one-fourth will vest on August 14, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did SmartRent (SMRT) General Counsel Brian McQuaid report in this Form 4?
Brian McQuaid reported exercising or converting 28,435 Restricted Stock Units into 28,435 shares of SmartRent Class A Common Stock on 2026-08-14. These transactions reflect equity compensation activity rather than an open-market purchase or sale.
How many Restricted Stock Units does the SmartRent (SMRT) General Counsel retain after the Form 4 event?
After exercising or converting part of his award, Brian McQuaid retained 85,305 Restricted Stock Units. Each RSU represents a contingent right to receive one share of SmartRent Class A Common Stock, according to the filing’s footnote description.
What is the vesting schedule for the SmartRent (SMRT) Restricted Stock Units held by Brian McQuaid?
The RSUs vest over time: one-fourth will vest on August 14, 2026, with the remaining units vesting in equal annual installments until fully vested. This creates a multi-year vesting horizon tied to continued service.
Were the SmartRent (SMRT) Form 4 transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transactions were executed under a 10b5-1 trading plan. The reported activity reflects equity compensation mechanics as described in the form.
AI-generated analysis. How Rhea-AI works. Not financial advice.
