SMITH WILLIAM W JR 4

What Happened
William W. Smith Jr, a reported 10% owner of SMITH MICRO SOFTWARE, INC. (SMSI), had 4,943 shares withheld to satisfy income tax obligations related to vesting. The withheld shares were valued at roughly $0.85 each, totaling about $4,182 (footnote shows an average vesting price of $0.846/share). This was a tax-withholding disposition (not an open-market sale or a purchase).

Key Details

• Transaction date: March 13, 2026; filing date: March 16, 2026. No late-filing flag is indicated in the Form 4.
• Transaction type/code: F — shares withheld for payment of tax liability.
• Shares withheld/disposed: 4,943 at $0.85 (footnote: average vesting price $0.846/share). Total value ≈ $4,182.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — "Shares withheld ... for the payment of income taxes."

Context

• This was a tax-withholding/cashless settlement tied to vesting, a routine administrative disposition that does not represent an open-market sale and therefore is generally not a directional signal about the insider’s view of the company.
• As a 10% owner, Smith is a significant holder but this transaction reflects tax compliance on vesting rather than a trade decision.