Michael Shane Paladin - 18 Mar 2025 Form 4 Insider Report for SmartRent, Inc. (SMRT)

Role
Chief Executive Officer
Signature
/s/ Michael Shane Paladin
Issuer symbol
SMRT
Transactions as of
18 Mar 2025
Transactions value $
$0
Form type
4
Filing time
18 Mar 2025, 16:13:06 UTC
Previous filing
13 Mar 2025
Next filing
14 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SMRT Class A Common Stock 43.9K 18 Mar 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SMRT Performance Stock Units Award $0 +4.64M $0.00 4.64M 18 Mar 2025 Class A Common Stock 4.64M Direct F1, F2
transaction SMRT Restricted Stock Units Award $0 +1.79M $0.00 1.79M 18 Mar 2025 Class A Common Stock 1.79M Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The maximum number of PSUs that may be earned is 4,640,882. The actual number of shares of Class A Common Stock earned, if any, will be determined based on the achievement of performance goals relating to the Issuer's share price during a five-year performance period from February 24, 2025 (the "Start Date"), subject to the Reporting Person's continued service as an employee of the Issuer, with 50% of any shares achieved vesting on the four (4) year anniversary of the Start Date, and 100% of any shares achieved but not yet paid vesting on the five (5) year anniversary of the Start Date.
F3 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 One-third of the RSUs shall vest on February 24, 2026 and on each one-year anniversary thereafter, subject to the Reporting Person's continued service as an employee of the Issuer.