Gary Wayne Petty Jr - 23 Nov 2021 Form 4 Insider Report for SMARTFINANCIAL INC. (SMBK)

Role: EVP & CHIEF RISK OFFICER
Signature: /s/ Glen Allen, Jr., Attorney-in-Fact
Issuer symbol: SMBK
Transactions as of: 23 Nov 2021
Net transactions value: -$11,080
Form type: 4
Filing time: 17 Dec 2021, 16:00:19 UTC
Previous filing: 17 Dec 2021
Next filing: 14 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMBK	Stock Appreciation Right	Options Exercise	$43,220	+2,000	+25%	$21.61	10,052	23 Nov 2021	Direct
transaction	SMBK	Stock Apperception Right	Disposed to Issuer	$54,300	-2,000	-20%	$27.15	8,052	23 Nov 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	-2,000	-100%	$0.000000^*	0	23 Nov 2021	Common Stock	2,000	$21.61	Direct	F1
holding	SMBK	Stock Option						3,750	23 Nov 2021	Common Stock	3,750	$6.80	Direct
holding	SMBK	Stock Option						3,750	23 Nov 2021	Common Stock	3,750	$6.60	Direct
holding	SMBK	Stock Option						3,750	23 Nov 2021	Common Stock	3,750	$9.48	Direct
holding	SMBK	Stock Option						3,750	23 Nov 2021	Common Stock	3,750	$9.60	Direct
holding	SMBK	Stock Option						3,588	23 Nov 2021	Common Stock	3,588	$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.