SMSI CFO reports 19,585-share ownership stake

SMITH MICRO SOFTWARE, INC. executive Bethany M. Braund, VP, CFO and Treasurer, reported her initial holdings of the company’s common stock.

Rhea-AI Filing Summary

SMITH MICRO SOFTWARE, INC. executive Bethany M. Braund, VP, CFO and Treasurer, reported her initial holdings of the company’s common stock. She holds 19,585 shares directly, including 5,683 shares of restricted stock subject to time and performance-based vesting conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Braund Bethany M

Role VP, CFO and Treasurer

Type	Security	Shares	Price	Value
holding	Common stock	--	--	--

Holdings After Transaction: Common stock — 19,585 shares (Direct)

Footnotes (1)

1. F1. Includes 5,683 shares of restricted stock subject to time and performance-based vesting

Key Figures

Common stock holdings: 19,585 shares Restricted stock: 5,683 shares

2 metrics

Common stock holdings 19,585 shares Direct ownership reported by VP, CFO and Treasurer Bethany M. Braund

Restricted stock 5,683 shares Portion of holdings subject to time and performance-based vesting

Key Terms

Common stock, restricted stock, time and performance-based vesting

3 terms

Common stock financial

"security_title: "Common stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

restricted stock financial

"Includes 5,683 shares of restricted stock subject to time and performance-based vesting"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

time and performance-based vesting financial

"restricted stock subject to time and performance-based vesting"

FAQ

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

What did SMSI executive Bethany Braund report in this Form 3 filing?

Bethany M. Braund reported her initial holdings of SMITH MICRO SOFTWARE common stock. The filing shows she directly holds 19,585 shares, providing investors with a baseline view of her equity stake as a senior financial executive.

How many SMITH MICRO SOFTWARE (SMSI) shares does Bethany Braund hold?

The filing states Bethany M. Braund holds 19,585 shares of SMITH MICRO SOFTWARE common stock. This figure represents her direct ownership position as of the reporting date, giving insight into her personal exposure to the company’s equity.

What portion of Bethany Braund’s SMSI shares are restricted stock?

Out of 19,585 total common shares, 5,683 are restricted stock. These restricted shares are subject to both time-based and performance-based vesting, meaning they only fully belong to her once specific service periods and company performance goals are satisfied.

What is the significance of time and performance-based vesting for SMSI restricted stock?

Time and performance-based vesting means restricted shares vest gradually over time and depend on meeting performance targets. For SMSI, this structure ties executive compensation more closely to long-term company results and continuity in service, aligning management incentives with shareholder outcomes.

Does this SMSI Form 3 show any recent buying or selling by Bethany Braund?

The Form 3 functions as an initial ownership report and does not show explicit recent purchases or sales. It primarily discloses Bethany M. Braund’s existing 19,585-share stake rather than detailing new market transactions or option exercises.

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

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Accepted by SEC EDGAR 04/06/2026 - 06:32 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Braund Bethany M

(Last) (First) (Middle)

5800 CORPORATE DR.

(Street)

PITTSBURGH PENNSYLVANIA 15237

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2026

3. Issuer Name and Ticker or Trading Symbol
SMITH MICRO SOFTWARE, INC. [ SMSI ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, CFO and Treasurer

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock	19,585(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 5,683 shares of restricted stock subject to time and performance-based vesting

	/s/ Jennifer M. Reinke as attorney-in-fact for Bethany M. Braund	04/06/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)