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Market Information
−Removed: Our Class A Common Stock is listed on the NYSE under the ticker symbol “SMRT.” FWAA's Class A Common Stock was listed on Nasdaq under the ticker symbol "FWAA" prior to the Business Combination.
+Added: Our Class A Common Stock is listed on the NYSE under the ticker symbol “SMRT.”
Holders of Record
As of December 31, 2024, there were 13 stockholders of record of our Class A Common Stock.
+Added: The actual number of stockholders is greater than this number of holders of record and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
Dividend Policy
5 unchanged sentences
The graph below compares the cumulative total stockholder return on our Class A Common Stock with the cumulative total return on the Standard & Poor’s 500 Index and the Russell 2000 Index.
−Removed: The chart assumes $100 was invested on February 9, 2021, in the Class A Common Stock of SmartRent Inc., the S&P 500 Index, and the Russell 2000 Index, and assumes the reinvestment of any dividends.
+Added: The chart assumes $100 was invested on February 9, 2021 (the date our Class A Common Stock commenced trading on NYSE), in the Class A Common Stock of SmartRent, Inc., the S&P 500 Index, and the Russell 2000 Index, and assumes the reinvestment of any dividends.
The comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance of our Class A Common Stock.
The information under “Stock Performance Graphs and Cumulative Total Return” is not deemed to be “soliciting material” or “filed” with the SEC or subject to Regulation 14A or 14C, or to the liabilities of Section 18 of the Exchange Act and is not to be incorporated by reference in any filing of the Company under the Securities Act, or the Exchange Act, whether made before or after the date of this Annual Report on Form 10-K and irrespective of any general incorporation language in those filings.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: The information required by this item with respect to our equity compensation plans is incorporated by reference to our Proxy Statement for the 2024 Annual Meeting of Stockholders.
Unregistered Sales of Equity Securities
Issuer Purchases of Equity Securities
+Added: The following table summarizes the share repurchase activity for the three months ended December 31, 2024.
+Added: Total Number of Shares Purchased (1)
+Added: Average Price Paid Per Share (2)
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
+Added: (in thousands, except per share amounts)
+Added: October 1 - October 31, 2024
+Added: November 1 - November 30, 2024
+Added: December 1 - December 31, 2024
+Added: (1) In March 2024, our board of directors authorized the repurchase of up to $50,000,000 of our Class A common stock.
+Added: Repurchases under the program can be made through open market transactions, privately negotiated transactions and other means in compliance with applicable federal securities laws, including through Rule 10b5-1 plans.
+Added: We have discretion in determining the conditions under which shares may be repurchased from time to time.
+Added: The repurchase program does not have an expiration date and may be suspended at any time at our discretion.
+Added: Refer to Note 7 — Convertible Preferred Stock and Equity in Part I, Item 8, of this Report for additional information related to share repurchases.
+Added: (2) Average price paid per share includes costs associated with the repurchases.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.