William W. Smith Jr - Mar 7, 2023 Form 4 Insider Report for SMITH MICRO SOFTWARE, INC. (SMSI)

Role
President & CEO, Director
Signature
/s/Jennifer M. Reinke, attorney-in-fact for William W. Smith, Jr.
Stock symbol
SMSI
Transactions as of
Mar 7, 2023
Transactions value $
$0
Form type
4
Date filed
3/9/2023, 04:48 PM
Previous filing
Feb 22, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMSI Common Stock Award $0 +175K +58.94% $0.00 472K Mar 7, 2023 Direct F1
transaction SMSI Common Stock Disposed to Issuer $0 -10.1K -2.14% $0.00 462K Mar 9, 2023 Direct F2
holding SMSI Common Stock 4.9M Mar 7, 2023 Smith Living Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock subject to time-based and performance-based vesting. 50% of shares vest in equal monthly installments over 48 months, subject to continuing employment. 50% of shares vest subject to satisfaction of 2023 financial performance criteria, with 25% of such amount to vest approximately March 2024 and the remainder in equal monthly installments over the next 36 months.
F2 Shares of restricted stock forfeited in accordance with the terms of grant