Smith Micro (SMSI) CEO Timothy Huffmyer Withholds 100 Shares for Taxes

What Happened

• Timothy C. Huffmyer, President & CEO and Director of Smith Micro Software, had 100 shares withheld to satisfy income tax withholding obligations tied to vesting. The shares were withheld at an average price of $2.90 per share, totaling $290. This is a tax-withholding disposition (code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-09-15; filing accession: 0001437749-26-030475.
• Price: $2.90 per share; Shares withheld/disposed: 100; Total value: $290.
• Footnote: F1 — shares withheld at an average vesting price of $2.90 per share to pay income taxes.
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Reported and filed on 2026-09-15; no late filing flag indicated.
• Transaction type code: F = tax withholding (company withheld shares to cover taxes).

Context

• Withholding shares to cover taxes is a common, routine administrative action when restricted stock or option awards vest. It reduces the insider’s share count without indicating an active decision to sell in the market, so it should not be interpreted as a directional signal about the insider’s view of the stock.