Gary Wayne Petty Jr - Feb 22, 2021 Form 4 Insider Report for SMARTFINANCIAL INC. (SMBK)

Role: EVP & CHIEF RISK OFFICER
Signature: /s/ Glen Allen, Jr., Attorney-in-Fact
Stock symbol: SMBK
Transactions as of: Feb 22, 2021
Transactions value $: $25,500
Form type: 4
Date filed: 12/17/2021, 04:00 PM
Next filing: Dec 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMBK	Common Stock	Options Exercise	$25.5K	+3.75K	+87.17%	$6.80	8.05K	Feb 22, 2021	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	SMBK	Stock Option	Options Exercise	$0	-3.75K	-100%	$0.00^*	0	Feb 22, 2021	Common Stock	3.75K	$6.80	Direct	F1
holding	SMBK	Stock Option						3.75K	Feb 22, 2021	Common Stock	3.75K	$6.60	Direct	F1
holding	SMBK	Stock Option						3.75K	Feb 22, 2021	Common Stock	3.75K	$9.48	Direct	F1
holding	SMBK	Stock Option						3.75K	Feb 22, 2021	Common Stock	3.75K	$9.60	Direct	F1
holding	SMBK	Stock Option						3.59K	Feb 22, 2021	Common Stock	3.59K	$15.05	Direct	F1
holding	SMBK	Stock Appreciation Right						2K	Feb 22, 2021	Common Stock	2K	$21.61	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Fully vested.
F2	This stock appreciation right was granted on 01/25/2018. The stock appreciation right generally vests 100% on the third anniversary of the date of the grant, subject to Mr. Petty's continuous service with the company or a subsidiary or affiliate of the company through such date. The stock appreciation right vests on an accelerated basis in full in the event of a change in control, again subject to Mr. Petty's continuous service with the company or a subsidiary or affiliate of the company through the date of the change in control.

Content

Fully vested.

This stock appreciation right was granted on 01/25/2018. The stock appreciation right generally vests 100% on the third anniversary of the date of the grant, subject to Mr. Petty's continuous service with the company or a subsidiary or affiliate of the company through such date. The stock appreciation right vests on an accelerated basis in full in the event of a change in control, again subject to Mr. Petty's continuous service with the company or a subsidiary or affiliate of the company through the date of the change in control.