James M. Kempton - Feb 21, 2024 Form 4 Insider Report for SMITH MICRO SOFTWARE, INC. (SMSI)

Signature
/s/Jennifer M. Reinke, attorney-in-fact for James M. Kempton
Stock symbol
SMSI
Transactions as of
Feb 21, 2024
Transactions value $
-$784
Form type
4
Date filed
2/23/2024, 06:49 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 +100K +42.61% $0.00 335K Feb 21, 2024 Direct F1
transaction SMSI Common Stock Award $0 +86.4K +25.82% $0.00 421K Feb 21, 2024 Direct F2
transaction SMSI Common Stock Tax liability -$784 -1.02K -0.24% $0.77 420K Feb 22, 2024 Direct F3
transaction SMSI Common Stock Disposed to Issuer $0 -7.29K -1.74% $0.00 413K Feb 22, 2024 Direct F4
* 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 $0.77 per share, for the payment of income taxes.
F4 Shares of restricted stock forfeited in accordance with the terms of grant.