SMID Form 4: Smith Midland director reports small stock sale

Rhea-AI Filing Summary

Smith Midland Corp (SMID) director reported a small stock sale. On 11/24/2025, the reporting person sold 666 shares of Smith Midland common stock in an open market transaction coded as “S” at a price of $33.263 per share. After this sale, the director beneficially owns 5,137 shares held directly. The filing is made on Form 4, which discloses changes in insider ownership for a single reporting person.

Insider Trade Summary

Net Seller: 666 shares ($22,153)

Net Sell 1 txn

Insider Gerhardt Richard

Role Director

Sold 666 shs ($22K)

Type	Security	Shares	Price	Value
Sale	Common Stock	666	$33.263	$22K

Holdings After Transaction: Common Stock — 5,137 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gerhardt Richard

(Last) (First) (Middle)

C/O SMITH MIDLAND CORP

5119 CATLETT ROAD

(Street)

MIDLAND VA 22728

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SMITH MIDLAND CORP [ SMID ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/24/2025		S		666	D	$33.263	5,137	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Richard Gerhardt	11/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Smith Midland Corp (SMID) report on this Form 4?

The Form 4 reports that a director of Smith Midland Corp (SMID) sold 666 shares of common stock on 11/24/2025 in a transaction coded as a sale ("S").

At what price were the Smith Midland (SMID) shares sold in this insider trade?

The director sold the 666 shares of Smith Midland common stock at a price of $33.263 per share.

How many Smith Midland (SMID) shares does the insider own after this transaction?

Following the reported sale, the director beneficially owns 5,137 shares of Smith Midland common stock, held directly.

What is the role of the reporting person at Smith Midland Corp (SMID)?

The reporting person is identified as a director of Smith Midland Corp, with the director box checked on the form.

Does this Smith Midland (SMID) Form 4 involve any derivative securities?

No. The Form 4 shows activity only in common stock, and the table for derivative securities contains no reported transactions.

Is this Smith Midland (SMID) Form 4 filed for one or multiple reporting persons?

The filing indicates it is a Form filed by one reporting person, not a joint or group filing.