Isaiah DeRose-Wilson - 19 May 2022 Form 4 Insider Report for SmartRent, Inc. (SMRT)

Role: Chief Technology Officer
Signature: /s/ Isaiah DeRose-Wilson
Issuer symbol: SMRT
Transactions as of: 19 May 2022
Net transactions value: -$270,121
Form type: 4
Filing time: 20 May 2022, 17:02:14 UTC
Previous filing: 09 May 2022
Next filing: 21 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMRT	Class A Common Stock	Sale	$261,000	-50,000	-97%	$5.22	1,690	19 May 2022	Direct	F1
transaction	SMRT	Class A Common Stock	Options Exercise	$0	+6,106	+361%	$0.000000	7,796	19 May 2022	Direct	F2, F3
transaction	SMRT	Class A Common Stock	Tax liability	$9,121	-1,799	-23%	$5.07	5,997	19 May 2022	Direct	F4

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	Restricted Stock Units	Options Exercise	$0	-6,106	-2.8%	$0.000000	213,699	19 May 2022	Class A Common Stock	6,106	$0.000000	Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	$5.22 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $5.20 per share and $5.240 per share.
F2	Represents shares acquired upon vesting of Restricted Stock Units.
F3	Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's Class A Common Stock, par value $0.001 per share.
F4	Represents withholding of shares to pay tax liability incident to the vesting of Restricted Stock Units.
F5	The Restricted Stock Units vest as follows: one-fourth vested on April 19, 2022 with the remaining vesting in 1/48 equal monthly installments until vested in full.