SmartRent (SMRT) CEO Frank Martell corrects mistaken 131,578 RSU grant in Form 4/A
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Martell Frank reported acquisition or exercise transactions in this Form 4 filing.
SmartRent, Inc. Chief Executive Officer Frank Martell filed an amended insider report to correct a prior error. A Form 4 filed earlier had reported a grant of 131,578 Restricted Stock Units, each tied to one share of Class A Common Stock, but this amendment clarifies that those RSUs were not granted to him. As a result, the filing reflects no actual RSU grant, no share issuance, and no change in his reported holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martell Frank
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 0 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Erroneously reported RSU grant: 131,578 RSUs
Reported RSU transaction shares: 0 shares
Shares following transaction: 0 derivative shares
3 metrics
Erroneously reported RSU grant
131,578 RSUs
Previously reported but not actually granted to CEO
Reported RSU transaction shares
0 shares
Amended Form 4 entry for RSU grant
Shares following transaction
0 derivative shares
Total RSU position shown in this amendment
Key Terms
Restricted Stock Units, Form 4, Class A Common Stock
3 terms
Restricted Stock Units financial
"erroneously reported a grant on May 12, 2026 of 131,578 Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 4 regulatory
"The Form 4 filed May 13, 2026 erroneously reported a grant"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Class A Common Stock financial
"each representing a contingent right to receive one share of the issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did SmartRent (SMRT) CEO Frank Martell change in this Form 4/A filing?
The amended Form 4/A corrects a prior report that mistakenly showed a grant of 131,578 Restricted Stock Units to CEO Frank Martell. The amendment states these RSUs were never actually granted, so no new equity was issued and his holdings did not increase.
Were 131,578 RSUs actually granted to SmartRent (SMRT) CEO Frank Martell?
No, 131,578 Restricted Stock Units were not granted to Frank Martell. The amendment explains that an earlier Form 4 erroneously reported this award. By filing Form 4/A, the company’s CEO is formally clarifying that he did not receive those RSUs.
Does this SmartRent (SMRT) Form 4/A indicate any insider buying or selling?
The Form 4/A does not show insider buying or selling. It simply corrects an earlier report of an RSU grant that did not occur. The transaction line reflects zero shares, confirming there was no actual equity transaction or change in ownership.
What type of security was involved in the erroneous SmartRent (SMRT) RSU grant?
The erroneous grant involved Restricted Stock Units linked to SmartRent’s Class A Common Stock. Each RSU represented a contingent right to receive one Class A share. The Form 4/A clarifies that this RSU award was incorrectly reported and was never actually issued.