William W. Smith Jr - Oct 1, 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
Oct 1, 2024
Transactions value $
$3,000,000
Form type
4
Date filed
10/3/2024, 04:45 PM
Previous filing
Sep 19, 2024
Next filing
Oct 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMSI Common Stock Award $3M +2.58M +411.04% $1.17 3.2M Oct 1, 2024 Smith Living Trust F1
holding SMSI Common Stock 133K Oct 1, 2024 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 SMSI Common Stock Purchase Warrant Award +2.58M 2.58M Oct 2, 2024 Common Stock 2.58M $1.04 Smith Living Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a Securities Purchase Agreement dated October 1, 2024, between Smith Micro Software, Inc. (the "Company") and the Purchaser parties thereto, Smith Living Trust (for which William W. Smith, Jr. serves as co-trustee) agreed to purchase 2,575,107 shares of common stock, together with a warrant to purchase an equal number of shares of common stock, at a purchase price of $1.165 per share. The purchase was completed and the securities were issued on October 2, 2024.
F2 The warrant is exercisable beginning six (6) months following its original issuance; provided, that it will not be exercisable to the extent the exercise thereof would cause the holder's ownership of the Company's common stock to exceed 19.99%, unless and until such time as the Company has received stockholder approval in accordance with Nasdaq Listing Rule 5635(b).