SMITH MICRO (SMSI) CFO Bethany Braund Withholds 6,761 Shares for Taxes

What Happened
Bethany Braund, Vice President, Chief Financial Officer and Treasurer of SMITH MICRO SOFTWARE, INC. (SMSI), had 6,761 shares withheld to satisfy income tax withholding related to vested awards on April 27, 2026. The shares were withheld at an average price of $0.72 per share, for a total value of $4,868. This is a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-04-27; filing date: 2026-04-28 (filed next day).
• Action: Shares withheld to cover income taxes (transaction code F).
• Shares withheld: 6,761 at an average vesting/withholding price of $0.72 per share.
• Reported value of shares withheld: $4,868.
• Footnote: F1 indicates shares were withheld specifically for payment of income taxes.
• Shares owned after transaction: Not specified in the provided excerpt.

Context
Withholding shares to cover taxes is a routine administrative step when restricted stock or option awards vest; it is treated as a disposition for reporting but does not necessarily signal a voluntary market sale or change in insider sentiment. The filing was submitted promptly the next day, suggesting timely disclosure.