Huffmyer Timothy C. 4

What Happened
Timothy C. Huffmyer, who serves as Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer of Smith Micro Software, Inc. (SMSI), acquired a secured convertible note and an accompanying warrant on March 6, 2026. The Form 4 reports a derivative acquisition described as 174,944 shares (derivative) tied to this transaction; the securities were issued following a Securities Purchase Agreement dated March 4, 2026. The aggregate purchase price for the note plus warrant was $90,970.45. No per-share trade price is reported because this was an acquisition of convertible securities, not an open-market stock purchase.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026.
• Reported instrument: secured convertible note and warrant; aggregate purchase price $90,970.45 (Footnote F1).
• Reported derivative amount: 174,944 shares (F2 notes this assumes conversion of the full original principal into common stock).
• Per-share price: N/A (derivative issuance, not a direct stock trade).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 describes the purchase agreement and payment; F2 clarifies the 174,944 figure assumes full conversion of the note; F3 refers to the original principal dollar amount.
• Timeliness: Form filed four days after the transaction; the filing does not include an explicit late-filing flag in the summary provided here—review the official filing for any timeliness notation.

Context
This was an acquisition of convertible securities (note + warrant), not a direct equity purchase. Footnote F2 indicates the 174,944 figure represents the number of common shares that would result if the full principal were converted into stock — actual shares outstanding to Huffmyer will depend on whether and when conversion/exercise occurs. Such transactions can reflect a financing or liquidity arrangement and are different from open-market insider buys; they do show an insider increasing exposure to the company via convertible instruments.