SMRT Form 4: John Dorman Reports 100,000-Share Change, Holdings 382,968

Rhea-AI Filing Summary

Insider transaction by John C. Dorman, a director of SmartRent, Inc. (SMRT). The Form 4 reports a change in beneficial ownership on 08/18/2025 involving Class A common stock. The form lists a transaction code "P" and shows 100,000 shares with an indicated price of $1.5347 (weighted average). Following the reported transaction, the reporting person beneficially owns 382,968 shares in a direct ownership form. An explanatory note states the trades executed at prices ranging from $1.5150 to $1.56 and that the reported price is a weighted average.

Positive

• Director increased reported direct ownership by 100,000 shares
• Transaction executed at a low weighted average price ($1.5347), showing concrete insider activity

Negative

• None.

Insights

Financial Analyst

TL;DR: Director John Dorman reported a 100,000-share transaction at a weighted average price of $1.5347, increasing reported direct holdings to 382,968 shares.

The filing documents a single-line change in beneficial ownership for Class A common stock on 08/18/2025. The report shows 100,000 shares at a weighted average price of $1.5347 and a post-transaction direct ownership of 382,968 shares. For investors, the clearest factual takeaway is a sizable position change by an insider; the filing itself does not provide motive, transaction venue, or dilution context. The explanatory note confirms execution across multiple prices between $1.5150 and $1.56.

Risk Analyst

TL;DR: The Form 4 documents a material insider transaction but contains only limited context about intent or transaction mechanics.

The record is concise: transaction date, code "P", 100,000 shares at a reported weighted average price of $1.5347, and resulting direct beneficial ownership of 382,968 shares. The explanatory line clarifies price range but does not resolve any ambiguity about the transaction code semantics or whether the entry reflects net buys or sells beyond the reported line. No derivative activity, option exercises, or plan-based declarations are present on the form.

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
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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^*

DORMAN JOHN C

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		P		100,000	A	$1.5347(1)	382,968	D

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 $1.5150 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/ John C. Dorman	08/18/2025
	** 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 did John C. Dorman report on the Form 4 for SMRT?

The Form 4 reports a transaction dated 08/18/2025 involving 100,000 Class A shares at a weighted average price of $1.5347, leaving 382,968 shares beneficially owned directly.

Does the Form 4 indicate how the 100,000 shares were executed?

The explanatory note states the transaction was executed in multiple trades at prices ranging from $1.5150 to $1.56 and that the reported price is a weighted average.

Is there any derivative or option activity reported by the insider on this Form 4?

No. Table II for derivative securities contains no reported transactions; only a non-derivative security change is shown.

What is the reporting person's relationship to SmartRent (SMRT)?

The reporting person, John C. Dorman, is identified on the form as a Director of SmartRent, Inc.

How many shares does the director own after the transaction?

The Form 4 lists 382,968 shares beneficially owned following the reported transaction.