SMITH WILLIAM W JR 4

What Happened William W. Smith Jr., a reported 10% owner of Smith Micro Software, acquired derivative securities on February 3, 2026. The filing shows an acquisition (code A) of common-stock purchase warrants equivalent to 1,480,165 shares; the warrants were acquired by the Smith Living Trust (for which Smith Jr. is co‑trustee) from the issuer in a transaction with aggregate consideration of approximately $1,000,000 paid through a promissory note. The filing lists the instrument as a derivative (warrant) and per-share price is reported as N/A.

Key Details

• Transaction date: 2026-02-03; Form 4 filed: 2026-02-05 (timely filing).
• Instrument: common stock purchase warrants (derivative). Amount reported: 1,480,165 warrants.
• Consideration: ~ $1,000,000 paid by the Smith Living Trust via promissory note (see footnote).
• Shares owned after transaction: not specified in the provided filing details.
• Insider status: William W. Smith Jr. is a 10% owner; transaction reported via his co‑trustee role in the Smith Living Trust.
• Filing note: no indication of late filing (filed within standard reporting window).

Context This was an acquisition of warrants (a derivative right to buy common stock), not a direct open‑market purchase of common shares. Warrants often come with separate exercise terms and a promissory note here was part of the consideration, so this reflects a structured financing/ownership action rather than a simple buy/sell. As a 10% owner and trust transaction, this may reflect investment or financing arrangements and should not be read as a straightforward executive market-timing signal.