SMITH MIDLAND (SMID) Director Matthew I. Smith Buys 2,000 Shares

What Happened Matthew I. Smith, a director of SMITH MIDLAND CORP (ticker: SMID), acquired 2,000 shares in an open-market purchase on 2026-09-02 at $27.15 per share, for a total cost of $54,300. The Form 4/A filed on 2026-09-04 amends a prior filing to correct column 3: the transaction was a purchase ("P"), not an award ("A"). This was a buy transaction (acquisition), which investors often view as more informative than routine sales.

Key Details

• Transaction date: 2026-09-02
• Transaction type/code: Open-market purchase (P)
• Shares acquired: 2,000
• Price per share: $27.15
• Total value: $54,300
• Filing: Amended Form 4 (Form 4/A) filed 2026-09-04 to correct transaction code from A to P
• Shares owned after transaction: Not disclosed in this filing
• Timeliness: Filing appears timely (reported two days after the transaction); no 10b5-1 plan or tax-withholding notes were reported in the amendment

Context This was an open-market purchase by a company director and the amendment only corrects how the transaction was reported (purchase vs. award). The filing itself does not explain the insider’s motivation; purchases can be interpreted as a sign of confidence but should be considered alongside other information about the company and insider holdings.