SMSI (SMSI) CFO Bethany Braund reports 1,850-share tax-withholding event

Rhea-AI Filing Summary

SMITH MICRO SOFTWARE, INC. VP, CFO and Treasurer Bethany M. Braund reported a Form 4 transaction involving company common stock. The company withheld 1,850 shares at an average vesting price of $0.8685 per share to cover her income tax obligations on vesting, a routine tax-withholding disposition rather than an open-market trade. After this withholding, she directly holds 30,974 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Braund Bethany M

Role VP, CFO and Treasurer

Type	Security	Shares	Price	Value
Tax Withholding	Common stock	1,850	$0.8685	$2K

Holdings After Transaction: Common stock — 30,974 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 1,850 shares Average vesting price: $0.8685 per share Shares held after transaction: 30,974 shares

3 metrics

Shares withheld for taxes 1,850 shares Tax-withholding disposition on common stock

Average vesting price $0.8685 per share Price used for tax-withheld shares

Shares held after transaction 30,974 shares Direct ownership following withholding

Key Terms

tax-withholding disposition, Form 4, vesting price, income taxes

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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.

vesting price financial

"Shares withheld, at an average vesting price of $0.8685 per share"

income taxes financial

"for the payment of income taxes"

Income taxes are charges levied by governments on the earnings of individuals and companies, effectively taking a portion of profits or wages much like a recurring bill or toll on money coming in. They matter to investors because higher taxes reduce the cash a company can keep, pay out as dividends or reinvest for growth, and therefore directly affect profitability, valuation and future returns.

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^*

Braund Bethany M

(Last) (First) (Middle)

5800 CORPORATE DR.

(Street)

PITTSBURGH PENNSYLVANIA 15237

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SMITH MICRO SOFTWARE, INC. [ SMSI ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, CFO and Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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

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

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

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	05/14/2026		F		1,850	D	$0.8685(1)	30,974	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:

1. Shares withheld, at an average vesting price of $0.8685 per share, for the payment of income taxes.

	/s/ Jennifer M. Reinke as attorney-in-fact for Bethany M. Braund	05/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did SMSI executive Bethany Braund report on this Form 4?

Bethany M. Braund reported shares of SMITH MICRO SOFTWARE common stock withheld to pay income taxes. The company withheld 1,850 shares at an average vesting price of $0.8685 per share, reflecting a routine tax-withholding event tied to equity compensation vesting.

Was the SMSI Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 1,850 SMSI shares were withheld at $0.8685 per share to satisfy income tax obligations arising from vesting, rather than being sold by the executive in the open market.

How many SMSI shares were withheld for taxes in Bethany Braund’s filing?

The filing shows that 1,850 shares of SMITH MICRO SOFTWARE common stock were withheld. These shares were withheld at an average vesting price of $0.8685 per share to cover income tax liabilities associated with her equity compensation vesting.

How many SMSI shares does Bethany Braund hold after the reported transaction?

After the tax-withholding transaction, Bethany Braund directly holds 30,974 shares of SMITH MICRO SOFTWARE common stock. This post-transaction holding figure is disclosed in the Form 4 as the total number of shares she owns directly following the withholding event.

What does transaction code F mean in the SMSI Form 4 for Bethany Braund?

Transaction code F indicates a tax-withholding disposition, where shares are delivered to cover taxes or exercise costs. In this case, 1,850 SMSI shares were withheld at $0.8685 per share to pay income taxes due on equity vesting, not sold on the market.