SmartRent CEO Frank Martell Buys 100,000 Shares

What Happened

Frank Martell, CEO of SmartRent, purchased 100,000 shares of SmartRent, Inc. (SMRT) common stock in an open-market transaction on August 11, 2026. The filing reports a weighted-average price of $1.42 per share for a total purchase cost of approximately $142,260. The transaction is coded as a purchase (P).

Key Details

• Transaction date: 2026-08-11 (executed in multiple trades).
• Prices: trades ranged from $1.375 to $1.44; weighted average reported $1.42. (See footnote F1 for trade-level detail upon request.)
• Shares acquired: 100,000.
• Total value: ~$142,260.
• Shares owned after transaction: exact post-transaction total not shown here; filing notes a prior transfer (see F2) that affects reported holdings.
• Footnotes:
  • F1: Multiple trades at $1.375–$1.44; weighted average reported; reporting person will provide trade-level details on request.
  • F2: Reporting person transferred 226,890 shares to the Frank D. and Donna M. Martell Family Trust (agreement dated Dec 10, 2025); the reporting person and spouse are co-trustees.
• Timeliness: Filing and report date are the same (2026-08-11); no late filing indicated.

Context

• This was a straightforward open-market purchase (not an option exercise, award, or gift). Purchases by insiders often attract attention because they represent insider buying activity, but they do not guarantee future company performance.
• The transfer to a family trust noted in F2 is an internal/estate-planning–type transaction; review the full Form 4 for the reporting person’s complete post-transaction holdings and any further disclosures.