Dean Alison 4

What Happened
Dean Alison, a director of SmartRent, had 182,926 restricted stock units (RSUs) convert into common shares (reported as an exercise/conversion of a derivative, code M) on May 11, 2026. No cash changed hands (reported price $0.00). The filing also reports a new award of 131,578 RSUs on May 12, 2026 (code A), granted at $0.00 and subject to future vesting. There is no report of an open‑market sale or purchase of shares; these are vesting/conversion and grant events.

Key Details

• Transaction dates and types:
  • 2026-05-11: Exercise/conversion of derivative (code M) — 182,926 shares acquired via RSU vesting; reported consideration $0.00.
  • 2026-05-11: Corresponding derivative disposition line also reported for 182,926 shares at $0.00 (reported as part of the conversion reporting).
  • 2026-05-12: Grant/award (code A) — 131,578 RSUs granted at $0.00 (no immediate shares delivered).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1/F2: Shares reflect RSUs that convert 1-for-1 into Class A common stock.
  • F3: The RSUs that converted vested in full on May 11, 2026.
  • F4: The newly granted RSUs vest in full upon the earlier of May 12, 2027 or immediately prior to the issuer’s next annual meeting.
• Filing timeliness: Filed May 13, 2026 for transactions on May 11–12 — appears timely (Form 4 is generally due within two business days).

Context
RSU vesting and subsequent conversion into shares are common compensation events for directors and executives; they do not involve an outlay of cash by the insider. These events are different from open‑market purchases (which can signal bullishness) or sales (which can be liquidity actions). The May 12 award is subject to future vesting conditions, so those shares are not yet deliverable until the vesting condition is met.