James M. Kempton - Mar 7, 2023 Form 4 Insider Report for SMITH MICRO SOFTWARE, INC. (SMSI)

Role
VP, CFO and Treasurer
Signature
/s/Jennifer M. Reinke, attorney-in-fact for James M. Kempton
Stock symbol
SMSI
Transactions as of
Mar 7, 2023
Transactions value $
$0
Form type
4
Date filed
3/9/2023, 04:50 PM
Previous filing
Oct 4, 2022
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 +100K +86.69% $0.00 215K Mar 7, 2023 Direct F1
transaction SMSI Common Stock Disposed to Issuer $0 -5.76K -2.68% $0.00 210K Mar 9, 2023 Direct F2
* 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