William W. Smith Jr - Feb 25, 2022 Form 4 Insider Report for SMITH MICRO SOFTWARE, INC. (SMSI)

Role: President & CEO, Director, 10%+ Owner
Signature: /s/Jennifer M. Reinke, attorney-in-fact for William W. Smith, Jr.
Stock symbol: SMSI
Transactions as of: Feb 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/9/2022, 05:35 PM
Previous filing: Feb 17, 2022
Next filing: Apr 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMSI	Common Stock	Gift	$0	-4.32M	-93.09%	$0.00	321K	Feb 25, 2022	Direct	F1, F2
transaction	SMSI	Common Stock	Award	$0	+175K	+54.51%	$0.00	496K	Mar 7, 2022	Direct	F3
transaction	SMSI	Common Stock	Gift	$0	+4.32M	+950.47%	$0.00	4.78M	Feb 25, 2022	Smith Living Trust	F1, F4
holding	SMSI	Common Stock						6K	Feb 25, 2022	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 25, 2022, Mr. Smith made a gift of 4,324,897 shares to the Smith Living Trust.
F2	It was determined through routine review that previously reported total securities directly held by the reporting person were undercounted by 15 shares, not attributable to any specific, known transaction. This amount reflects the reporting person's total direct holdings as of the date indicated, inclusive of such 15 shares.
F3	Restricted stock subject to time-based and performance-based vesting. 50% of shares vest in equal monthly installments over 48 months, subject to continuing employment. 50% of shares vest subject to satisfaction of 2022 financial performance criteria, with 25% of such amount to vest approximately March 2023 and the remainder in equal monthly installments over the next 36 months.
F4	Includes 455,028 shares formerly held in the William W. Smith, Jr. Revocable Trust, which were transferred to the Smith Living Trust on February 23, 2022.
F5	Held in the William W. Smith, Jr. IRA