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

Role: EVP & CHIEF LENDING OFFICER
Signature: /s/ Glen Allen, Jr., Attorney-in-Fact
Stock symbol: SMBK
Transactions as of: Aug 27, 2021
Transactions value $: -$10,350
Form type: 4
Date filed: 12/17/2021, 04:00 PM
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	$64.8K	+3K	+9.08%	$21.61	36K	Aug 27, 2021	Direct
transaction	SMBK	Stock Appreciation Right	Disposed to Issuer	-$75.2K	-3K	-8.33%	$25.06	33K	Aug 27, 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	-3K	-100%	$0.00^*	0	Aug 27, 2021	Common Stock	3K	$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.