Smith Micro CFO has 2 shares withheld for taxes

SMITH MICRO SOFTWARE, INC.

Rhea-AI Filing Summary

SMITH MICRO SOFTWARE, INC. (SMSI) reported an insider tax-withholding transaction by Bethany M. Braund, VP, CFO and Treasurer. On August 19, 2026, 2 shares of common stock were withheld at an average vesting price of $2.86 per share to pay income taxes. After this transaction, she directly held 6,193 shares. The filing notes that, effective at 11:59pm ET on June 4, 2026, a 1:5 reverse stock split was effected and the reported holdings reflect that split.

Insider Trade Summary

Tax Withholding: 2 shares

Tax Withholding 1 txn

Insider Braund Bethany M

Role VP, CFO and Treasurer

Type	Security	Shares	Price	Value
Tax Withholding	Common stock F1, F2	2	$2.86	$5.72

Holdings After Transaction: Common stock — 6,193 shares (Direct)

Footnotes (2)

1. F1. Shares withheld, at an average vesting price of $2.86 per share, for the payment of income taxes.
2. F2. Effective at 11:59pm ET on June 4, 2026, Smith Micro Software, Inc. effected a 1:5 reverse stock split. Shareholdings reported herein reflect the effects of the reverse stock split.

Key Figures

Shares withheld for taxes: 2 shares Average vesting price: $2.86 per share Shares held after transaction: 6,193 shares +1 more

4 metrics

Shares withheld for taxes 2 shares Common stock withheld on August 19, 2026 to pay income taxes

Average vesting price $2.86 per share Price at which shares were withheld for tax payment

Shares held after transaction 6,193 shares Direct SMSI common stock holdings of Bethany M. Braund after the Form 4 transaction

Reverse stock split ratio 1:5 Reverse stock split effective at 11:59pm ET on June 4, 2026

Key Terms

reverse stock split, tax-withholding disposition, average vesting price

3 terms

reverse stock split financial

"effected a 1:5 reverse stock split. Shareholdings reported herein reflect"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for payment of income taxes"

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.

average vesting price financial

"Shares withheld, at an average vesting price of $2.86 per share"

FAQ

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

What insider transaction did SMSI report for Bethany M. Braund?

SMSI reported that Bethany M. Braund had 2 shares of common stock withheld on August 19, 2026 to cover income tax obligations related to vesting equity, at an average vesting price of $2.86 per share.

Was the SMSI Form 4 transaction a market sale or tax withholding?

The Form 4 transaction was a tax-withholding disposition, not an open-market sale. 2 shares of SMSI common stock were withheld at an average vesting price of $2.86 per share to pay income taxes on vested equity.

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

After the reported transaction, Bethany M. Braund directly holds 6,193 shares of SMSI common stock. These reported holdings already reflect the company’s 1:5 reverse stock split that became effective on June 4, 2026.

What does the code F transaction on SMSI’s Form 4 mean?

Transaction code F on the SMSI Form 4 indicates payment of tax liability by delivering or withholding securities. In this case, 2 shares of common stock were withheld at an average vesting price of $2.86 per share to satisfy income taxes.

What reverse stock split did SMSI disclose in connection with this Form 4?

SMSI disclosed that, effective at 11:59pm ET on June 4, 2026, it effected a 1:5 reverse stock split. The shareholdings reported for Bethany M. Braund, including the 6,193 shares held after the transaction, reflect the effects of this split.

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

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Available on EDGAR 08/20/2026 - 06:37 PM Accepted by SEC EDGAR 08/20/2026 - 06:36 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^*

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)
08/19/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common stock	08/19/2026		F		2	D	$2.86(1)	6,193(2)	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. Shares withheld, at an average vesting price of $2.86 per share, for the payment of income taxes.

2. Effective at 11:59pm ET on June 4, 2026, Smith Micro Software, Inc. effected a 1:5 reverse stock split. Shareholdings reported herein reflect the effects of the reverse stock split.

	/s/ Jennifer M. Reinke as attorney-in-fact for Bethany M. Braund	08/20/2026
	** 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)