| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SMHI | Common Stock | Gift | $0 | +5.61K | +123.34% | $0.00 | 10.2K | Mar 7, 2024 | MCG Assets, LLC | F1, F2 |
| transaction | SMHI | Common Stock | Gift | $0 | -10.2K | -100% | $0.00* | 0 | Mar 12, 2024 | MCG Assets, LLC | F2, F3 |
| transaction | SMHI | Common Stock | Options Exercise | +51.3K | +6.07% | 897K | Mar 12, 2024 | Direct | F4 | ||
| transaction | SMHI | Common Stock | Tax liability | -$283K | -22.6K | -2.52% | $12.54 | 875K | Mar 12, 2024 | Direct | |
| holding | SMHI | Common Stock | 109K | Mar 12, 2024 | JMG Assets, LLC | F5 | |||||
| holding | SMHI | Common Stock | 95.2K | Mar 12, 2024 | JMG GST LLC | F6 | |||||
| holding | SMHI | Common Stock | 26.6K | Mar 12, 2024 | Michael E. Gellert 2011 Family Trust | F7 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SMHI | Performance Restricted Stock Units | Options Exercise | $0 | -51.3K | -100% | $0.00* | 0 | Mar 12, 2024 | Common Stock | 51.3K | Direct | F4, F8 |
| Id | Content |
|---|---|
| F1 | On 3/7/24, MCG Assets, LLC received an annual annuity payment of 5,607 shares from a grantor retained annuity trust ("2023 GRAT"). The 2023 GRAT has an independent trustee and the Reporting Person has no investment control thereof. Accordingly, shares owned by such GRAT are not reported by the Reporting Person. |
| F2 | The Reporting Person serves as a manager of MCG Assets, LLC and, as such, has the power to direct the voting and disposition of the reported securities. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest in the securities. |
| F3 | On 3/12/24, MCG Assets, LLC contributed 10,153 shares to a grantor retained annuity trust ("2024 GRAT"). The 2024 GRAT has an independent trustee and the Reporting Person has no investment control thereof. Accordingly, shares owned by such GRAT are not reported by the Reporting Person. The terms of the 2024 GRAT provide for an annuity payment to MCG Assets, LLC on the first and second anniversary of the contribution and, upon expiration of the GRAT, the Reporting Person is a beneficiary of the remainder (if any) of the GRAT. |
| F4 | Performance restricted stock units ("PRSUs") convert into shares of Common Stock on a one-for-one basis. See note 8 below for further details. |
| F5 | The shares reported here are indirectly owned by the Reporting Person through JMG Assets, LLC. The Reporting Person is the manager of JMG Assets, LLC. |
| F6 | The shares reported here are indirectly owned by the Reporting Person through JMG GST LLC. The Reporting Person is the manager of JMG GST LLC. |
| F7 | The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest. |
| F8 | On 3/12/21, the Reporting Person was granted 51,315 PRSUs consisting of five equal tranches, each of which would be earned if and when the closing price of one share of Common Stock equals or exceeds the specified stock price performance goal for such tranche for 60 consecutive trading days during the three year performance period beginning on the grant date, provided that any earned PRSUs would not be settled until the third anniversary of the grant date, subject to satisfaction of the service-based vesting requirements set forth in the award agreement. The specified stock price performance goals for each tranche were $3.98, $4.53, $5.11, $5.69 and $6.24, respectively. The service-based vesting requirements and each of the specified stock price performance goals were satisfied during the performance period ending 3/12/24 and the shares of Common Stock were issued at such date. |