Cariola Natalie 4

What Happened
Natalie Cariola, Chief Revenue Officer of SmartRent (SMRT), had 86,986 restricted stock units (RSUs) convert to 86,986 shares on May 20, 2026 (vesting of a 2025 RSU grant). To satisfy tax withholding, 23,356 of those shares were surrendered at $1.15 per share for a total withholding of $26,859, leaving a net issuance of 63,630 shares to Cariola. The filing shows the RSU conversion recorded as a derivative exercise/ conversion (transaction code M) and the share surrender for taxes recorded under code F.

Key Details

• Transaction date: May 20, 2026 (filing date: May 20, 2026 — no late filing indicated).
• RSUs converted: 86,986 shares (part of a 173,973 RSU grant dated May 20, 2025 that vests in two equal annual installments).
• Tax withholding: 23,356 shares withheld at $1.15/share for $26,859 (reported as a disposition).
• Net shares delivered to insider: 63,630 shares (86,986 vested − 23,356 withheld).
• Footnotes: F1 explains each RSU equals one share; F2 confirms the 173,973 RSU grant on May 20, 2025 vesting in two equal annual installments.
• Ownership after transaction: Not specified in the provided filing excerpt.

Context
This was a routine vesting/settlement of RSUs with a common net-share withholding to cover tax obligations — not an open-market sale or purchase. Transaction code M indicates conversion/vesting of a derivative award (RSUs); code F indicates shares were used to pay withholding taxes. Such withholding transactions are administrative and do not necessarily signal insider buying or selling intent.