Smith Micro director granted 12,500 stock options

SMITH MICRO SOFTWARE director Chetan Sharma received a grant of stock options as compensation.

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Rhea-AI Filing Summary

SMITH MICRO SOFTWARE director Chetan Sharma received a grant of stock options as compensation. He was awarded options to buy 12,500 shares of common stock at an exercise price of $0.6862 per share, exercisable beginning on March 9, 2027 and expiring on March 9, 2036. Following this grant, he holds 12,500 derivative securities directly.

Insider Trade Summary

Grant/Award: 12,500 shares

Grant/Award 1 txn

Insider Sharma Chetan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock option (right to buy)	12,500	$0.00	$0.00

Holdings After Transaction: Stock option (right to buy) — 12,500 contracts (Direct)

FAQ

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

What insider transaction did SMSI director Chetan Sharma report on this Form 4?

Chetan Sharma reported receiving a grant of stock options to buy 12,500 shares of Smith Micro Software common stock. The options were awarded as a compensation-related acquisition, not as an open-market purchase or sale of existing shares.

What is the exercise price and timing for Chetan Sharma’s SMSI stock options?

The granted options allow Chetan Sharma to buy 12,500 Smith Micro shares at an exercise price of $0.6862 per share. They become exercisable on March 9, 2027 and remain outstanding until their expiration on March 9, 2036.

How many Smith Micro derivative securities does Chetan Sharma hold after this grant?

After the reported grant, Chetan Sharma holds 12,500 derivative securities, all from this stock option award. These options represent rights to acquire an equal number of Smith Micro common shares if he chooses to exercise them in the future.

Was the SMSI Form 4 transaction a market buy or sell of common stock?

No, the Form 4 shows a grant of stock options, not a market trade in common stock. The transaction is coded as a grant or award, meaning it is part of Sharma’s compensation rather than an open-market purchase or sale.

Is the Chetan Sharma Form 4 transaction in SMSI shares likely routine?

Yes, the filing describes a single grant of 12,500 stock options as a compensation award. Such option grants to directors are typically routine governance actions rather than discretionary trading decisions involving open-market buying or selling of the company’s stock.

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Accepted by SEC EDGAR 03/10/2026 - 05:57 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^*

Sharma Chetan

(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)

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)
Stock option (right to buy)	$0.6862	03/09/2026		A		12,500		03/09/2027	03/09/2036	Common stock	12,500	$0	12,500	D

Explanation of Responses:

	/s/ Jennifer M. Reinke as attorney-in-fact for Chetan Sharma	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