William W. Smith Jr - Feb 21, 2024 Form 4 Insider Report for SMITH MICRO SOFTWARE, INC. (SMSI)

Signature
/s/Jennifer M. Reinke, attorney-in-fact for William W. Smith, Jr.
Stock symbol
SMSI
Transactions as of
Feb 21, 2024
Transactions value $
-$3,947
Form type
4
Date filed
2/23/2024, 06:47 AM
Previous filing
Jan 24, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMSI Common Stock Award $0 +175K +49.5% $0.00 529K Feb 21, 2024 Direct F1
transaction SMSI Common Stock Award $0 +175K +33.11% $0.00 704K Feb 21, 2024 Direct F2
transaction SMSI Common Stock Tax liability -$3.95K -5.06K -0.72% $0.78 698K Feb 22, 2024 Direct F3
transaction SMSI Common Stock Disposed to Issuer $0 -13.6K -1.95% $0.00 685K Feb 22, 2024 Direct F4
holding SMSI Common Stock 5.01M Feb 21, 2024 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 2024 financial performance criteria, with 25% of such amount to vest approximately March 2025 and the remainder in equal monthly installments over the next 36 months.
F2 Restricted stock subject to performance-based vesting. Shares will vest in installments subject to satisfaction of performance criteria for the first and second quarters of 2024.
F3 Shares withheld, at an average vesting price of $0.78 per share, for the payment of income taxes.
F4 Shares of restricted stock forfeited in accordance with the terms of grant.