Martell Frank 4

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.