Braund Bethany M 4

What Happened Bethany M. Braund, Vice President, Chief Financial Officer and Treasurer of Smith Micro Software, received an award of 20,000 unrestricted shares on March 31, 2026. The shares were granted at $0.00 (no cash paid), so the reported acquisition value is $0. This was a grant/award (not an open-market purchase or sale) and appears to be compensation under the company equity plan rather than a discretionary buy or sell by the insider.

Key Details

• Transaction date: 2026-03-31; reported on Form 4 filed 2026-04-06.
• Transaction type: Award/Grant (Code A) — 20,000 shares acquired at $0.00; total reported value $0.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: Unrestricted stock award pursuant to the Smith Micro Software, Inc. Amended and Restated Omnibus Equity Incentive Plan.
• Filing timeliness: The Form 4 was filed six days after the transaction date; Form 4s are generally due within two business days, so this filing appears to be late (no cure or explanation provided in the filing).

Context Unrestricted stock awards are typically part of executive compensation and do not necessarily signal buying or selling intent. Because this was a zero-cost grant under the company’s omnibus equity incentive plan, it represents compensation rather than a market-directional trade.