Insider Stock Sale at Smith Micro Software, Inc. (SMSI): Andrew Schmidt Unloads 25,000 Shares

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Andrew Schmidt, Vice President and Chief Financial Officer at Smith Micro Software, Inc. (NASDAQ:SMSI), sold a bulk of 25,000 shares of Common Stock, directly, in a transaction completed on Wednesday. The insider sold his shares at a price of $1.15 per share and now holds a total of 345,346 company holdings. This is the second stock sale to be executed by Schmidt in the past ten days, as the CFO unloaded 50,000 shares of Common Stock, paying $1.00 per share, at the end of June.

Furthermore, this quarter showed the Senior Vice President of Global Operation at Smith Micro Software, Christopher Lippincott, completing several stock dispositions, with the latest tracing back to March, when the insider sold 20,000 shares of Common Stock for $2.00 per share.

Regarding the current shareholding hedge funds of the $40 million market cap firm, Chuck Royce’s Royce & Associates continues to hold the strongest position, with over 2.9 million company shares, worth approximately $5.8 million.

Disclosure: none

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