SmartRent, Inc.: COO Bansi Pankaj exercised 91,240 shares

What happened Bansi Pankaj, chief operating officer, exercised or converted derivatives (RSUs) into a total of 91,240 shares on Oct 6, 2026. The filing shows two acquisition entries for 18,248 shares and 72,992 shares (acquired; price N/A). To cover tax liabilities, 4,900 shares and 19,599 shares were withheld at $1.20 per share for $5,880 and $23,519, respectively (total withheld value $29,399). The filing also lists derivative disposals of 72,992 shares and 18,248 shares at $0.00.

Key details

• transaction date: Oct 6, 2026
• exercise/conversion entries: 18,248 shares (acquired, price N/A) and 72,992 shares (acquired, price N/A)
• tax withholding (disposals): 4,900 shares at $1.20 for $5,880; 19,599 shares at $1.20 for $23,519 (total $29,399)
• derivative disposal entries shown at $0.00 for 72,992 shares and 18,248 shares
• shares owned after the transactions: not reported in the provided filing information
• relevant footnotes from the filing:
  • each restricted stock unit (RSU) represents a contingent right to one share
  • 145,985 RSUs were granted on Oct 6, 2025; one-half vest on Oct 6, 2026 and Oct 6, 2027
  • 72,992 RSUs were granted on Oct 6, 2025; one-quarter vest on Oct 6, 2026 and each one-year anniversary thereafter
• filing date: Oct 6, 2026; no late filing indication provided in the information given

Why it may matter

• the filing shows RSUs were converted to shares and that shares were withheld to satisfy tax withholding (a cashless settlement for taxes)
• these entries are derivative conversions and tax-withholding dispositions, not open-market purchases or sales
• a filing does not show why the insider traded or why the company acted.