Martell Frank 4

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.