Martell Frank 4
4 · SmartRent, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
SmartRent (SMRT) CEO Frank Martell Buys 60,260 Shares
What Happened
Frank Martell, CEO of SmartRent, reported two open-market purchases totaling 60,260 shares of SMRT stock. On 2026-06-04 he acquired 20,000 shares at a weighted average price of $1.19 (≈ $23,728). On 2026-06-05 he acquired 40,260 shares at a weighted average price of $1.13 (≈ $45,353). Combined, the purchases totaled roughly $69,081. These transactions are coded "P" (purchase).
Key Details
- Dates & prices:
- 2026-06-04: 20,000 shares at weighted avg $1.19 (range $1.18–$1.19) — $23,728 (Footnote F1).
- 2026-06-05: 40,260 shares at weighted avg $1.13 (range $1.10–$1.18) — $45,353 (Footnote F2).
- Total: 60,260 shares purchased for ≈ $69,081.
- Transaction type: Open-market purchases (code P).
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing: Report filed 2026-06-05 covering transactions on 6/4–6/5; filing appears timely (no late-filing flag in the provided data).
- Footnotes: Both transactions were executed in multiple trades; reported prices are weighted averages and the filer offers to provide full trade details on request.
- No 10b5‑1 plan, option exercise, gift, or tax-withholding noted in the provided information.
Context
Insider purchases are often noted by investors as a positive signal, but this set of buys is modest in dollar terms (~$69k). The filing is factual about quantities and weighted-average prices; it does not state motive. Retail investors should consider this activity alongside SmartRent’s broader financials and news rather than treating it as a standalone endorsement.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1]2026-06-04$1.19/sh+20,000$23,728→ 3,185,266 total(indirect: By Trust) - Purchase
Class A Common Stock
[F2]2026-06-05$1.13/sh+40,260$45,353→ 3,225,526 total(indirect: By Trust)
Footnotes (2)
- [F1]This transaction was executed in multiple trades at prices ranging from $1.18 to $1.19. 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]This transaction was executed in multiple trades at prices ranging from $1.10 to $1.18. 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.