SMSI CFO has shares withheld for tax on vesting

Smith Micro Software VP, CFO and Treasurer Bethany M. Braund reported a routine tax-related share disposition.

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Form Type

Rhea-AI Filing Summary

Smith Micro Software VP, CFO and Treasurer Bethany M. Braund reported a routine tax-related share disposition. On the transaction date, 6,761 shares of common stock were withheld at an average vesting price of $0.72 per share to cover income tax obligations on vested equity. This was not an open-market sale. After the withholding, Braund directly owned 32,824 shares of common stock, reflecting her remaining equity stake in the company.

Insider Trade Summary

Exercise Price or Tax Liability: 6,761 shares

Exercise Price or Tax Liability 1 txn

Insider Braund Bethany M

Role VP, CFO and Treasurer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common stock	6,761	$0.72	$5K

Holdings After Transaction: Common stock — 32,824 shares (Direct)

Footnotes (1)

F1. Shares withheld, at an average vesting price of $0.72 per share, for the payment of income taxes.

Key Figures

Shares withheld for taxes: 6,761 shares Average vesting price: $0.72 per share Shares owned after transaction: 32,824 shares +1 more

4 metrics

Shares withheld for taxes 6,761 shares Tax-withholding disposition of common stock

Average vesting price $0.72 per share Price at which shares were withheld for income taxes

Shares owned after transaction 32,824 shares Direct ownership following tax-withholding event

Transaction type count 1 tax-withholding transaction Single F-code disposition in this Form 4

Key Terms

tax-withholding disposition, Form 4, average vesting price, common stock

4 terms

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

average vesting price financial

"Shares withheld, at an average vesting price of $0.72 per share"

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.

FAQ

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

What did SMSI executive Bethany M. Braund report in this Form 4 filing?

Bethany M. Braund reported a tax-related share disposition. 6,761 SMSI common shares were withheld at $0.72 per share to cover income taxes on vested equity awards, leaving her with 32,824 directly owned shares.

Was the SMSI Form 4 transaction an open-market sale of shares?

No, the Form 4 notes a tax-withholding disposition, not an open-market sale. Shares were withheld at an average vesting price of $0.72 to satisfy income tax obligations arising from equity vesting, a common administrative transaction for executive compensation.

How many Smith Micro (SMSI) shares were withheld for taxes in this filing?

The filing shows 6,761 SMSI common shares were withheld. These shares were taken at an average vesting price of $0.72 per share to pay income taxes on vested equity, as described in the accompanying footnote to the Form 4 transaction.

How many SMSI shares does Bethany M. Braund hold after this Form 4 event?

Following the tax-withholding disposition, Bethany M. Braund directly holds 32,824 SMSI common shares. This post-transaction ownership figure reflects her remaining equity position after 6,761 shares were withheld for income tax obligations tied to vested equity.

What does transaction code F mean in the SMSI Form 4 for Bethany Braund?

Transaction code F indicates a tax-withholding disposition. In this SMSI Form 4, 6,761 shares were withheld at $0.72 per share to satisfy income taxes on vested equity, rather than being sold in the open market for trading purposes.

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

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Accepted by SEC EDGAR 04/28/2026 - 05:43 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^*

Braund Bethany M

(Last)

(First)

(Middle)

5800 CORPORATE DR.

(Street)

PITTSBURGH

PENNSYLVANIA

15237

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

5. 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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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	04/27/2026		F		6,761	D	$0.72⁽¹⁾	32,824	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)
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. Shares withheld, at an average vesting price of $0.72 per share, for the payment of income taxes.

	/s/ Jennifer M. Reinke as attorney-in-fact for Bethany M. Braund	04/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR