Scotts Miracle‑Gro (SMG) 10% Owner Nathan Baxter Sells 12,023 Shares

What Happened

• Nathan Eric Baxter (reported as a >10% owner) disposed of 12,023 Scotts Miracle‑Gro common shares on 2026-09-05. The shares were reported as a payment of exercise price or tax liability (transaction code F) at $57.53 per share, totaling $691,683. This was a withholding/disposition tied to tax/exercise obligations rather than an open‑market sell for investment cash.

Key Details

• Transaction date: 2026-09-05; Filing date (Form 4): 2026-09-09 (appears within the Form 4 two business‑day reporting window).
• Price and value: 12,023 shares × $57.53 = $691,683.
• Transaction code: F (payment of exercise price or tax liability — shares withheld/used to satisfy taxes or exercise costs).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnote: Baxter may be deemed a beneficial owner of partnership holdings via Hagedorn Partnership, L.P., of which he is a general partner (affects the >10% status).

Context

• Code F transactions typically reflect tax withholding or exercise‑related share surrender (common when options or restricted stock vest) and are generally routine administrative dispositions rather than directional insider bets. As a reported 10% owner via a partnership interest, this is ownership/administration activity rather than executive market timing.