Gary Wayne Petty Jr - Nov 23, 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: Nov 23, 2021
Transactions value $: -$11,080
Form type: 4
Date filed: 12/17/2021, 04:00 PM
Previous filing: Dec 17, 2021
Next filing: Feb 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMBK	Stock Appreciation Right	Options Exercise	$43.2K	+2K	+24.84%	$21.61	10.1K	Nov 23, 2021	Direct
transaction	SMBK	Stock Apperception Right	Disposed to Issuer	-$54.3K	-2K	-19.9%	$27.15	8.05K	Nov 23, 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 Appreciation Right	Options Exercise	$0	-2K	-100%	$0.00^*	0	Nov 23, 2021	Common Stock	2K	$21.61	Direct	F1
holding	SMBK	Stock Option						3.75K	Nov 23, 2021	Common Stock	3.75K	$6.80	Direct
holding	SMBK	Stock Option						3.75K	Nov 23, 2021	Common Stock	3.75K	$6.60	Direct
holding	SMBK	Stock Option						3.75K	Nov 23, 2021	Common Stock	3.75K	$9.48	Direct
holding	SMBK	Stock Option						3.75K	Nov 23, 2021	Common Stock	3.75K	$9.60	Direct
holding	SMBK	Stock Option						3.59K	Nov 23, 2021	Common Stock	3.59K	$15.05	Direct

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

Explanation of Responses:

Id	Content
F1	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

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.