SMRT CEO Frank Martell Buys 120,000 Shares at $1.35 Avg

Insider purchase reported by SmartRent, Inc. (SMRT) Frank Martell, who serves as Chief Executive Officer and a director, reported acquiring 120,000 shares of SmartRent Class A common stock on 08/15/2025.

Rhea-AI Filing Summary

Insider purchase reported by SmartRent, Inc. (SMRT) Frank Martell, who serves as Chief Executive Officer and a director, reported acquiring 120,000 shares of SmartRent Class A common stock on 08/15/2025. The transaction was executed in multiple trades at prices ranging from $1.325 to $1.37, with a weighted average price of $1.3486. Following the purchase, the filing shows beneficial ownership of 748,204 shares held indirectly through the Frank D. and Donna M. Martell Family Trust. The Form 4 is signed by Frank Martell on 08/15/2025 and discloses the acquisition as a direct report by one reporting person who is both an officer and a director.

Positive

• CEO purchased 120,000 shares, increasing his indirect stake to 748,204 shares
• Transaction fully disclosed on Form 4 with weighted average price and price range provided

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO purchased 120,000 SMRT shares at a low single-digit dollar price, increasing indirect holdings to 748,204 shares.

The Form 4 shows a material insider buy by the company's CEO and director, Frank Martell, executed on 08/15/2025. Acquisitions executed across multiple trades produced a weighted average price of $1.3486, with trade prices between $1.325 and $1.37. Insider purchases by senior executives can signal confidence in the company's prospects or expectations of value, and this purchase increased indirect beneficial ownership via a family trust to 748,204 shares. The filing is limited to the transaction details and does not provide commentary on funding source, purpose, or timing beyond the transaction date.

Corporate Governance Expert

TL;DR: CEO and director reported an insider acquisition recorded on Form 4, properly disclosing indirect ownership through a family trust.

The disclosure identifies Frank Martell as both an officer (CEO) and director and reports the acquisition as required under Section 16. Ownership is shown as indirect through the Frank D. and Donna M. Martell Family Trust, and the filing includes a signed statement dated 08/15/2025. The filing meets Form 4 reporting elements by listing transaction codes, prices, and post-transaction holdings, but contains no additional governance commentary or 10b5-1 plan indication. Documentation notes the trades were executed in multiple fills and the filer offers to provide full trade-level details on request.

Insider Trade Summary

Net Buyer: 120,000 shares

Net Buy 1 txn

Insider Martell Frank

Role Chief Executive Officer

Bought 120,000 shs ($162K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	120,000	$1.3486	$162K

Holdings After Transaction: Class A Common Stock — 748,204 shares (Indirect, Frank D. and Donna M. Martell Family Trust)

Footnotes (1)

1. F1. This transaction was executed in multiple trades at prices ranging from $1.325 to $1.37. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SMRT shares did Frank Martell buy?

The filing reports an acquisition of 120,000 shares of Class A common stock on 08/15/2025.

At what price were the SMRT shares purchased on 08/15/2025?

Trades were executed between $1.325 and $1.37, with a reported weighted average price of $1.3486.

What is Frank Martell's ownership after the reported transaction?

The Form 4 shows 748,204 shares beneficially owned following the transaction, held indirectly via the Frank D. and Donna M. Martell Family Trust.

What roles does the reporting person hold at SmartRent (SMRT)?

The filing lists Frank Martell as both a Director and an Officer (Chief Executive Officer) of SmartRent, Inc.

When was the Form 4 signed?

The Form 4 is signed by Frank Martell and dated 08/15/2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/15/2025 - 08:36 PM Learn about SEC filing dates

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)
08/15/2025

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	08/15/2025		P		120,000	A	$1.3486(1)	748,204	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 $1.325 to $1.37. 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	08/15/2025
	** 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.