Smith Micro Software, Inc. filings document the regulatory record for a mobile software company serving wireless service providers through SafePath family digital lifestyle solutions, SafePath OS deployments, and voice messaging capabilities. Periodic and current reports cover operating and financial results, product-related business context, and material-event disclosures.
SMSI filings also cover capital structure and financing activity, including resale registration statements for common stock underlying previously issued warrants and convertible notes, registered direct offerings, private placement warrants, and secured promissory notes. Proxy and 8-K filings document governance matters, equity compensation disclosures, security-holder votes, Nasdaq share-issuance approvals, and related material agreements.
SMITH MICRO SOFTWARE director Thomas G. Campbell received 12,500 shares of common stock as an unrestricted stock award. The shares were granted under the company's Amended and Restated Omnibus Equity Incentive Plan at no purchase price. Following this equity award, Campbell directly holds 49,706 shares of SMITH MICRO SOFTWARE common stock. This is a compensation-related acquisition rather than an open-market purchase.
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.
SMITH MICRO SOFTWARE, INC. President and CEO William W. Smith Jr., through the Smith Living Trust, reported acquiring derivative securities tied to the company’s common stock. The trust received a common stock purchase warrant covering 8,818,254 shares at a conversion price of $0.6800 per share, exercisable from September 10, 2026 until September 10, 2031. It also acquired a secured convertible note, convertible at $0.6800 per share into 6,743,371 common shares, with an expiration date of March 31, 2029. According to the securities purchase agreement, the trust agreed to purchase the note and warrant for an aggregate price of $4,585,491.93, and the securities were issued on March 10, 2026. These are acquisitions, with no shares sold in this filing.
SMITH MICRO SOFTWARE, INC. executive Timothy C. Huffmyer, the VP, COO, CFO and Treasurer, acquired a secured convertible note and a common stock purchase warrant on March 6, 2026 for an aggregate purchase price of $90,970.45.
The warrant is exercisable into 174,944 shares of common stock at $0.68 per share and expires on September 6, 2031. The secured convertible note is convertible, assuming full original principal conversion, into 133,781 shares of common stock at the same $0.68 conversion price and expires on March 31, 2029. These derivative positions were acquired directly and there are no remaining derivative holdings disclosed beyond these grants.
Smith Micro Software, Inc. insider ownership has been updated in this amended Schedule 13D. Chairman, President and CEO William W. Smith, Jr. now reports beneficial ownership of 9,380,822 shares of common stock, representing 32.3% of the class.
He has sole voting and dispositive power over 301,699 shares, and shared voting and dispositive power over 9,079,123 shares held by the Smith Living Trust, where he and his spouse serve as co-trustees. These shared holdings include 3,561,449 shares that can be acquired within sixty days through warrant exercises, based on 25,499,217 shares outstanding as of March 8, 2026.
On March 10, 2026, the Smith Living Trust purchased a secured convertible note that may be converted into 6,743,371 shares of common stock and a common stock purchase warrant exercisable for 8,818,254 shares, both acquired for investment purposes. The filing also notes recent forfeitures and tax withholdings related to Mr. Smith’s restricted stock awards.
SMITH MICRO SOFTWARE, INC. executive Timothy C. Huffmyer reported a disposition of company shares under a restricted stock arrangement. On March 4, 2026, 5,261 shares of common stock were forfeited to the issuer at a stated price of $0.00 per share in accordance with the terms of the grant.
After this forfeiture, Huffmyer directly held 186,355 shares of SMITH MICRO SOFTWARE, INC. common stock.
Smith Micro Software President and CEO William W. Smith Jr. reported two dispositions of common stock that did not involve open-market selling. On February 27, 43,366 shares were withheld at an average vesting price of $0.523 per share to cover income taxes on vesting restricted stock, and on March 4, 12,626 shares of restricted stock were forfeited under the grant terms.
After these direct dispositions to the issuer and for tax withholding, he directly owned 301,669 shares of common stock. A separate indirect line shows 5,517,674 shares held through the Smith Living Trust following the February 27 date.
Smith Micro Software reports a challenging 2025, with revenue down 16% to $17.4 million, mainly from a $2.3 million drop in Family Safety sales and a $1.0 million decline in ViewSpot revenue before that product was divested.
Gross profit fell to $12.9 million, and a non‑cash goodwill impairment of $11.1 million contributed to a net loss attributable to common stockholders of $30.1 million, or $1.46 per share. The auditor’s report cites substantial doubt about the company’s ability to remain a going concern without new capital or successful execution of cost cuts and growth plans.
The three largest customers provided 60%, 21%, and 18% of 2025 revenue, underscoring heavy customer concentration risk. To shore up liquidity, the company raised about $1.5 million, $1.2 million, and $2.7 million in separate 2025 equity and note financings and implemented cost reductions expected to lower 2026 expenses by roughly $7.2 million. Smith Micro also faces potential dilution from 18,348,471 outstanding warrants and secured Convertible Notes, as well as ongoing Nasdaq minimum bid price compliance risk.
Smith Micro Software entered a securities purchase agreement for secured convertible notes with aggregate principal of about $4.9 million at an initial conversion price of $0.68 per share, plus warrants for roughly 9.4 million shares. The unregistered private placement is expected to close around March 6, 2026, with proceeds used to repay up to $2.2 million of notes due March 31, 2026 and for general corporate purposes.
The notes carry interest of 8.0% per year, rising to 12.0% on default, mature on March 31, 2029, and are secured by certain company assets. Conversion and warrant exercises are subject to beneficial ownership caps of 19.99%, or 49.99% for the Smith Living Trust, which is a major investor in the deal.
The filing also details leadership changes effective at the close of business on March 31, 2026, with longtime CEO William W. Smith, Jr. becoming Executive Chairman and Timothy C. Huffmyer promoted to President and CEO, while Bethany M. Braund becomes Chief Financial Officer and Treasurer. Separately, Smith Micro reported $4.0 million in fourth-quarter 2025 revenue and a GAAP net loss of $4.7 million, and for full-year 2025, revenue of $17.4 million with a GAAP net loss of $30.1 million and ending cash of $1.5 million.
Smith Micro Software executive Timothy C. Huffmyer reported a tax-related share disposition. On this Form 4, 27,010 shares of common stock were withheld at an average vesting price of $0.512 per share to cover income taxes, leaving him with 191,616 directly owned shares.