SMITH MICRO (SMSI) CFO Bethany Braund Withholds 2 Shares for Taxes

What Happened
Bethany M. Braund, Vice President, Chief Financial Officer and Treasurer of Smith Micro Software, had 2 shares withheld to satisfy income tax withholding related to vesting. The withholding was at an average price of $2.86 per share, resulting in a total value of approximately $6. This is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: August 19, 2026
• Transaction type: F — shares withheld to pay income taxes on vested shares
• Quantity withheld/disposed: 2 shares at $2.86 each; total ≈ $6
• Shares owned after transaction: Not reported in the Form 4 provided
• Filing date: August 20, 2026 (filed promptly; no late-filing flag indicated)
• Footnotes: F1 — shares withheld at an average vesting price of $2.86 for income taxes; F2 — a 1:5 reverse stock split became effective June 4, 2026, and reported share counts reflect that split

Context
Tax-withholding dispositions are routine administrative actions to cover tax liabilities when equity vests and do not necessarily indicate the insider is selling shares as a signal to the market. The dollar value here is minimal (~$6). The filing reflects post-reverse-split share counts.