Was Andrew Arno’s 12,500-share Smith Micro (SMSI) award a market purchase?

No, the 12,500 shares were granted at $0.00 per share as an unrestricted stock award, not bought in the market. The transaction is coded as a grant or award acquisition under the company’s Amended and Restated Omnibus Equity Incentive Plan, reflecting standard director compensation.

Smith Micro director granted 12,500 shares

Arno Andrew reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

Arno Andrew reported acquisition or exercise transactions in this Form 4 filing.

SMITH MICRO SOFTWARE director Andrew Arno reported receiving an unrestricted stock award of 12,500 shares of Common Stock at $0.00 per share. The grant was made under the company’s Amended and Restated Omnibus Equity Incentive Plan and increased his direct holdings to 88,007 shares.

The filing also shows indirect holdings of 1,875 shares in a spouse IRA and 1,875 shares each held by MJA Investment and JBA Investment, entities for which Arno makes investment decisions. He disclaims beneficial ownership of the MJA and JBA Investment shares.

Insider Trade Summary

Grant/Award: 12,500 shares

Grant/Award 4 txns

Insider Arno Andrew

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12,500	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 88,007 shares (Direct); Common Stock — 1,875 shares (Indirect, By spouse IRA); Common Stock — 1,875 shares (Indirect, By MJA Investment); Common Stock — 1,875 shares (Indirect, By JBA Investment)

Footnotes (3)

F1. Unrestricted stock award granted pursuant to the Company's Amended and Restated Omnibus Equity Incentive Plan.
F2. Shares held by MJA Investment, a limited liability company, with respect to which the reporting person makes investment decisions. The reporting person disclaims ownership of these securities, and this report shall not be deemed an admission that the reporting person is beneficial owner of these securities for the purpose of Section 16 or any other purpose.
F3. Shares held by JBA Investment, a limited liability company, with respect to which the reporting person makes investment decisions. The reporting person disclaims ownership of these securities, and this report shall not be deemed an admission that the reporting person is beneficial owner of these securities for the purpose of Section 16 or any other purpose.

FAQ

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

What insider transaction did Andrew Arno report for Smith Micro (SMSI)?

Andrew Arno reported receiving an unrestricted award of 12,500 Smith Micro Common Stock shares at $0.00 per share. The grant was issued under the company’s Amended and Restated Omnibus Equity Incentive Plan as equity compensation rather than an open-market purchase or sale.

How did the stock award change Andrew Arno’s Smith Micro (SMSI) holdings?

The 12,500-share award increased Andrew Arno’s direct ownership to 88,007 Smith Micro Common Stock shares. The Form 4 also lists separate indirect holdings through a spouse IRA and two investment entities, each showing 1,875 shares, with ownership of the LLC-held shares expressly disclaimed.

What indirect Smith Micro (SMSI) holdings are associated with Andrew Arno?

The filing shows 1,875 shares held in a spouse IRA and 1,875 shares each held by MJA Investment and JBA Investment. Arno makes investment decisions for the LLCs but disclaims beneficial ownership of those LLC-held shares for Section 16 or any other legal purpose.

Does the Form 4 show any Smith Micro (SMSI) stock sales by Andrew Arno?

The Form 4 does not report any stock sales by Andrew Arno. It records a single acquisition transaction coded as a grant or award of 12,500 Common Stock shares, along with updated holding entries that reflect his direct and indirect ownership positions after the award.

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

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Accepted by SEC EDGAR 03/10/2026 - 05:41 PM EDT

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^*

Arno Andrew

(Last)

(First)

(Middle)

5800 CORPORATE DRIVE

(Street)

PITTSBURGH

15237

(City)

(State)

(Zip)

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

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)
03/09/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/09/2026		A		12,500⁽¹⁾	A	$0	88,007	D
Common Stock								1,875	I	By spouse IRA
Common Stock								1,875	I	By MJA Investment⁽²⁾
Common Stock								1,875	I	By JBA Investment⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Unrestricted stock award granted pursuant to the Company's Amended and Restated Omnibus Equity Incentive Plan.

2. Shares held by MJA Investment, a limited liability company, with respect to which the reporting person makes investment decisions. The reporting person disclaims ownership of these securities, and this report shall not be deemed an admission that the reporting person is beneficial owner of these securities for the purpose of Section 16 or any other purpose.

3. Shares held by JBA Investment, a limited liability company, with respect to which the reporting person makes investment decisions. The reporting person disclaims ownership of these securities, and this report shall not be deemed an admission that the reporting person is beneficial owner of these securities for the purpose of Section 16 or any other purpose.

	/s/ Jennifer M. Reinke as attorney-in-fact for Andrew Arno	03/10/2026
	** 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 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.

Source: View Original Filing on SEC EDGAR