SmartKem Director Reports 150K-Share Gift; 419K Shares Still Owned

Rhea-AI Filing Summary

SmartKem, Inc. (SMTK) director Joseph Christopher Lizzio reported a sale of 150,000 shares on 09/10/2025 coded as a G transaction (price reported as $0), leaving him with 419,000 shares beneficially owned. The Form 4 was signed 09/25/2025 and indicates the filing is by one reporting person. No derivative transactions or additional details are disclosed in this filing.

Positive

• Director retains a significant ownership stake of 419,000 shares after the reported transaction, indicating continued alignment with shareholders

Negative

• Large disposition of 150,000 shares was reported, which may reduce insider holdings though it is coded as a gift (code G)

Insights

Financial Analyst

TL;DR: Director sold 150,000 shares, retaining 419,000 shares; transaction coded as a gift (G) with price shown as $0.

The Form 4 discloses a non-derivative disposition of 150,000 common shares on 09/10/2025 by a company director. The transaction code listed is G, which indicates a transfer as a gift; the reported price is $0 and the filing shows 419,000 shares remained beneficially owned after the transaction. There are no derivative positions reported and no additional context such as recipient, tax details, or planned future transactions included in the filing.

Corporate Governance Expert

TL;DR: Insider transfer of 150,000 shares recorded as a gift; director still holds a meaningful stake of 419,000 shares.

The disclosure is concise and limited to the standard Form 4 fields. The use of transaction code G signals a gift rather than a market sale, which has different governance and reporting implications. The filing does not present additional governance events, board changes, or derivative activity. As provided, the information is factual and routine for insiders reporting non-sale transfers.

09/25/2025 - 06:47 PM

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

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lizzio Joseph Christopher

(Last) (First) (Middle)

24 CAMP AVENUE

PO BOX 4836

(Street)

STAMFORD CT 06907

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SmartKem, Inc. [ SMTK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

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	09/10/2025		G		150,000	D	$0	419,000	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:

	Joseph Christopher Lizzio	09/25/2025
	** 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.

FAQ

What did the Form 4 filed for SMTK disclose about Joseph Christopher Lizzio's transactions?

The filing shows a disposition of 150,000 common shares on 09/10/2025 coded as G (gift) with a reported price of $0, and 419,000 shares beneficially owned after the transaction.

What does transaction code G mean on Form 4 for SMTK?

In this filing, the transaction code is listed as G, which denotes the reported transfer was a gift. The form provides no additional recipient or consideration details.

Did the Form 4 report any derivative securities for SMTK?

No. Table II for derivative securities contains no reported transactions or holdings in this filing.

When was the Form 4 signed by the reporting person for SMTK?

The signature block shows Joseph Christopher Lizzio signed the Form 4 on 09/25/2025.

Was this Form 4 filed by more than one reporting person for SMTK?

No. The form indicates it was filed by one reporting person.