Martell Frank 4

What Happened Frank Martell, Chief Executive Officer of SmartRent, Inc. (SMRT), was granted 1,119,186 restricted stock units (RSUs) on January 27, 2026. The award is reported as a derivative grant (transaction code A) with an acquisition price of $0.00 per unit — RSUs are contingent rights to receive shares rather than an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-01-27 (reported on Form 4 filed 2026-01-29).
• Grant: 1,119,186 Restricted Stock Units (RSUs); reported acquisition price $0.00 (derivative award).
• Footnote F1: Each RSU equals a contingent right to one share of Class A common stock.
• Footnote F2: 100% of the RSUs vest on January 27, 2027.
• Transaction code: A (award/grant).
• Filing timeliness: Form 4 filed two days after the grant date (appears to be within the typical two-business-day reporting window).

Context RSUs are compensation awards that convert to actual shares only upon vesting — in this case, a single-date vesting on Jan 27, 2027. There was no cash outlay or sale tied to this filing, and the grant does not reflect an immediate market purchase or disposition. Such awards are commonly used for executive compensation and retention; they become relevant to investors when they vest or are sold.