Bansi Pankaj 4

What Happened
Bansi Pankaj, Chief Operating Officer of SmartRent, was granted 68,027 Restricted Stock Units (RSUs) on April 23, 2026. The RSUs are derivative awards with an acquisition price of $0.00 (no cash paid) and represent contingent rights to receive one share of Class A common stock per RSU upon vesting. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: April 23, 2026 (reported on Form 4 filed April 24, 2026).
• Award details: 68,027 RSUs granted; acquisition price reported as $0.00. (Transaction code: A = Award/Grant)
• Vesting: One-quarter vests on April 22, 2027, with the remainder vesting in equal annual installments on each one-year anniversary thereafter, subject to continued service. (See footnotes F1–F2.)
• Shares owned after transaction: Not reported in this filing.
• Filing timeliness: Reported the next day (not marked late).
• Notes on the instrument: RSUs are contingent rights to receive shares at vesting (derivative award); they do not represent immediate share ownership or sale.

Context: RSU grants are a common form of executive compensation intended for retention and alignment with shareholders. Because these units vest over time, they do not reflect an immediate market purchase or sale by the insider.