Martell Frank 4
4 · SmartRent, Inc. · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
SmartRent CEO Frank Martell Buys 50,000 Shares
What Happened
Frank Martell, CEO of SmartRent, purchased 50,000 shares of SmartRent common stock in an open-market transaction on May 8, 2026. The weighted-average price reported was $1.12 per share, for a total transaction value of approximately $56,220. This was a purchase (insider buy), not a sale.
Key Details
- Transaction date: 2026-05-08 (open-market purchase; transaction code P).
- Price: weighted average $1.12 per share; actual trade prices ranged $1.115–$1.13 (footnote F1).
- Shares acquired: 50,000; total reported value ≈ $56,220.
- Shares owned after transaction: the filing reflects a prior transfer of 451,470 shares from the reporting person to the Frank D. and Donna M. Martell Family Trust (footnote F2). See the Form 4 for the exact post-transaction beneficial ownership reported.
- Timeliness: Report filed same day (2026-05-08); no late filing indicated.
Context
Open-market purchases by executives can be interpreted as a modest affirmative signal, though this purchase is relatively small in dollar terms (~$56k). Footnote F1 notes the purchase was done in multiple trades and the filer will provide trade-level details upon request. Footnote F2 documents a family-trust transfer that affects the reported holdings and does not by itself indicate a market view.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1][F2]2026-05-08$1.12/sh+50,000$56,220→ 3,065,266 total(indirect: By Trust)
Footnotes (2)
- [F1]This transaction was executed in multiple trades at prices ranging from $1.115 to $1.13. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]The number of shares held reflects the transfer of 451,470 shares of Common Stock from the Reporting Person to the Frank D. and Donna M. Martell Family Trust, under agreement dated December 10, 2025, of which the Reporting Person and his spouse are co-trustees.