Elfman Steven Lawrence 4

What Happened
Steven Lawrence Elfman, a director of SMITH MICRO SOFTWARE, INC. (SMSI), was reported on Form 4 to have acquired 12,500 shares on March 9, 2026. The transaction is recorded as an award (code A) at $0.00 per share (total cash paid $0), indicating an unrestricted stock award granted under the company’s equity incentive plan.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-10 (timely filing).
• Transaction type/code: Award (A) — 12,500 shares acquired at $0.00 per share.
• Reported footnote: Unrestricted stock award pursuant to the Company’s Amended and Restated Omnibus Equity Incentive Plan.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No tax withholding, sales, or option exercises were reported in this transaction.

Context
Unrestricted stock awards increase an insider’s share count immediately and are a form of compensation; they do not necessarily imply a buy or sell signal about the insider’s market view. Because this was an award (not a purchase or sale), it’s primarily a compensation event under the company’s incentive plan rather than a market trade.