Form 4 for SMSI SMITH MICRO SOFTWARE, INC.
Accepted 2024-10-03 00:00:00 ET · period of report 2024-10-01 · accession 0001628280-24-042171 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-10-03 | 2024-10-01 | SMSI | SMITH WILLIAM W JR | Pres, CEO, Dir | A - Grant | $1.17 | +2.58M | 3.20M | +411% | +$3.01M |
| DI | 2024-10-03 | 2024-10-02 | SMSI | SMITH WILLIAM W JR | Pres, CEO, Dir | A - Grant | — | +2.58M | 2.58M | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-10-01 | A | A | 2,575,107 | $1.17 | 3,201,599 | I Smith Living Trust | — | — | (F1) Pursuant to a Securities Purchase Agreement dated October 1, 2024, between Smith Micro Software, Inc. (the "Company") and the Purchaser parties thereto, Smith Living Trust (for which William W. Smith, Jr. serves as co-trustee) agreed to purchase 2,575,107 shares of common stock, together with a warrant to purchase an equal number of shares of common stock, at a purchase price of $1.165 per share. The purchase was completed and the securities were issued on October 2, 2024. |
| 2 | Derivative | Common Stock Purchase Warrant | 2024-10-02 | A | A | 2,575,107 | — | 2,575,107 | I Smith Living Trust | $1.04 · 2025-04-02 to 2030-04-02 | 2,575,107 Common Stock | (F1) Pursuant to a Securities Purchase Agreement dated October 1, 2024, between Smith Micro Software, Inc. (the "Company") and the Purchaser parties thereto, Smith Living Trust (for which William W. Smith, Jr. serves as co-trustee) agreed to purchase 2,575,107 shares of common stock, together with a warrant to purchase an equal number of shares of common stock, at a purchase price of $1.165 per share. The purchase was completed and the securities were issued on October 2, 2024. (F2) The warrant is exercisable beginning six (6) months following its original issuance; provided, that it will not be exercisable to the extent the exercise thereof would cause the holder's ownership of the Company's common stock to exceed 19.99%, unless and until such time as the Company has received stockholder approval in accordance with Nasdaq Listing Rule 5635(b). |