[Form 4] SMITH MICRO SOFTWARE, INC. Insider Trading Activity

Rhea-AI Filing Summary

Smith Micro Software (SMSI) reported a routine insider transaction. Director Steven L. Elfman acquired 7,993 shares of common stock on 10/09/2025 at $0 per share. Following the grant, he beneficially owns 56,587 shares, held directly.

The filing notes this was an unrestricted stock award granted in lieu of fourth quarter 2025 cash compensation for service as a non-employee director.

Insider Trade Summary

Net Buyer: 7,993 shares

Net Buy 1 txn

Insider Elfman Steven Lawrence

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,993	$0.00	$0.00

Holdings After Transaction: Common Stock — 56,587 shares (Direct)

Footnotes (1)

1. F1. Unrestricted stock award granted in lieu of fourth quarter 2025 cash compensation for service as a non-employee director.

FAQ

What did SMSI report in this Form 4?

Director Steven L. Elfman acquired 7,993 shares of Smith Micro Software common stock on 10/09/2025.

What was the price per share for the SMSI insider transaction?

The reported price was $0 per share, reflecting a stock award rather than a market purchase.

How many SMSI shares does the director own after the transaction?

After the grant, the director beneficially owns 56,587 shares, held directly.

Why was the stock granted to the SMSI director?

It was an unrestricted stock award granted in lieu of fourth quarter 2025 cash compensation for service as a non-employee director.

What role does the reporting person have at Smith Micro (SMSI)?

The reporting person is a Director of Smith Micro Software.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/29/2025 - 09:05 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^*

Elfman Steven Lawrence

(Last) (First) (Middle)

5800 CORPORATE DRIVE

(Street)

PITTSBURGH PA 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)
10/09/2025

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
Common Stock	10/09/2025		A		7,993(1)	A	$0	56,587	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. Unrestricted stock award granted in lieu of fourth quarter 2025 cash compensation for service as a non-employee director.

	/s/ Jennifer M. Reinke as attorney-in-fact for Steven L. Elfman	10/29/2025
	** 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.