Keddy Asha 4

What Happened

Keddy Asha, a director of SMITH MICRO SOFTWARE, INC. (SMSI), was granted 12,500 shares on March 9, 2026. The filing shows an acquisition at $0.00 per share (i.e., an equity award rather than a purchase), for a reported transaction value of $0. This was an unrestricted stock award issued under the company’s Amended and Restated Omnibus Equity Incentive Plan.

Key Details

• Transaction type: Award/Grant (code A) — 12,500 shares granted
• Transaction date: 2026-03-09; Form 4 filed 2026-03-10 (appears timely)
• Price: $0.00 per share (award), total cash outlay reported $0
• Footnote: Unrestricted stock award pursuant to the company’s Amended and Restated Omnibus Equity Incentive Plan
• Shares owned after transaction: not specified in the provided filing summary

Context

• An "unrestricted stock award" means the shares were granted rather than purchased or exercised and are not described in the filing as subject to vesting or transfer restrictions.
• Such awards are typically part of director compensation and do not necessarily indicate the insider’s view on near-term stock performance. They differ from open-market buys (which can signal personal investment) and from option exercises (which may be followed by immediate sales).