Gregory L. Davis - 27 Aug 2021 Form 4 Insider Report for SMARTFINANCIAL INC. (SMBK)

Role: EVP & CHIEF LENDING OFFICER
Signature: /s/ Glen Allen, Jr., Attorney-in-Fact
Issuer symbol: SMBK
Transactions as of: 27 Aug 2021
Net transactions value: -$10,350
Form type: 4
Filing time: 17 Dec 2021, 16:00:26 UTC
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	$64,830	+3,000	+9.1%	$21.61	36,031	27 Aug 2021	Direct
transaction	SMBK	Stock Appreciation Right	Disposed to Issuer	$75,180	-3,000	-8.3%	$25.06	33,031	27 Aug 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	-3,000	-100%	$0.000000^*	0	27 Aug 2021	Common Stock	3,000	$21.61	Direct	F1

* 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. Davis'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. Davis'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. Davis'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. Davis's continuous service with the company or a subsidiary or affiliate of the company through the date of the change in control.