Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
|
UNDER THE SECURITIES EXCHANGE ACT OF 1934
|
SmartRent, Inc. (Name of Issuer) |
Class A Common stock, $0.0001 par value per share (Title of Class of Securities) |
83193G107 (CUSIP Number) |
06/24/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
|
 Rule 13d-1(c)
|
| Rule 13d-1(d)
|
SCHEDULE 13G
|
| CUSIP No. | 83193G107 |
| 1 | Names of Reporting Persons
RET Ventures Strategic Fund, L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,291,996.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: The amounts set forth in lines 6, 8 and 9 represent shares of Class A Common Stock, par value $0.0001 per share ("Common Stock") of SmartRent, Inc., a Delaware corporation (the "Issuer"). The percentage set forth in line 13 is based upon 188,178,506 shares of Common Stock outstanding as of May 5, 2025, as reported by the Issuer on its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on May 7, 2025. Includes 4,291,996 shares of Common Stock held directly by RET Ventures Strategic Fund, L.P. ("RETV Strategic Fund LP"). RET Ventures Strategic Fund GP, LLC serves as the sole general partner of RETV Strategic Fund LP. As such, RET Ventures Strategic Fund GP, LLC possesses power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares. RET Ventures Strategic Fund GP, LLC owns no securities of the Issuer directly.
SCHEDULE 13G
|
| CUSIP No. | 83193G107 |
| 1 | Names of Reporting Persons
RET Ventures Associates III, L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
88,415.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
0.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: The amounts set forth in line 6, 8 and 9 represent shares of Common Stock of the Issuer. The percentage set forth in line 11 is based upon 188,178,506 shares of Common Stock outstanding as of May 5, 2025, as reported by the Issuer on its Quarterly Report on Form 10-Q filed with the SEC on May 7, 2025. Includes 88,415 shares of Common Stock held directly by RET Ventures Associates III, L.P. ("RETV Associates III"). RET Ventures III GP, LLC serves as the sole general partner of RETV Associates III. As such, RET Ventures III GP, LLC possesses power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares. RET Ventures III GP, LLC owns no securities of the Issuer directly.
SCHEDULE 13G
|
| CUSIP No. | 83193G107 |
| 1 | Names of Reporting Persons
RET Ventures Affiliates III, L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
76,398.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
0.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: The amounts set forth in lines 6, 8 and 9 represent shares of Common Stock of the Issuer. The percentage set forth in line 11 is based upon 188,178,506 shares of Common Stock outstanding as of May 5, 2025, as reported by the Issuer on its Quarterly Report on Form 10-Q filed with the SEC on May 7, 2025. Includes 76,398 shares of Common Stock held directly by RET Ventures Affiliates III, L.P. ("RETV Affiliates III"). RET Ventures III GP, LLC serves as the sole general partner of RETV Affiliates III. As such, RET Ventures III GP, LLC possesses power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares. RET Ventures III GP, LLC owns no securities of the Issuer directly.
SCHEDULE 13G
|
| CUSIP No. | 83193G107 |
| 1 | Names of Reporting Persons
RET Ventures III, L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,127,184.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.2 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: The amounts set forth in lines 6, 8 and 9 represent shares of Common Stock of the Issuer. The percentage set forth in line 13 is based upon 188,178,506 shares of Common Stock outstanding as of May 5, 2025, as reported by the Issuer on its Quarterly Report on Form 10-Q filed with the SEC on May 7, 2025. Includes 4,127,184 shares of Common Stock held directly by RET Ventures III, L.P. ("RETV III LP"). RET Ventures III GP, LLC serves as the sole general partner of RETV III LP. As such, RET Ventures III GP, LLC possesses power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares. RET Ventures III GP, LLC owns no securities of the Issuer directly.
SCHEDULE 13G
|
| CUSIP No. | 83193G107 |
| 1 | Names of Reporting Persons
RET Ventures Strategic Fund GP, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,291,996.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: The amounts set forth in line 6, 8 and 9 represent shares of Common Stock of the Issuer. The percentage set forth in line 11 is based upon 188,178,506 shares of Common Stock outstanding as of May 5, 2025, as reported by the Issuer on its Quarterly Report on Form 10-Q filed with the SEC on May 7, 2025. Includes 4,291,996 shares of Common Stock held directly by RETV Strategic Fund LP. RET Ventures Strategic Fund GP, LLC serves as the sole general partner of RETV Strategic Fund LP. As such, RET Ventures Strategic Fund GP, LLC possesses power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares. RET Ventures Strategic Fund GP, LLC owns no securities of the Issuer directly. John Helm and Christopher Yip serve as Managing Directors of RET Ventures Strategic Fund GP, LLC. As such, Helm and Yip possess power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares.
SCHEDULE 13G
|
| CUSIP No. | 83193G107 |
| 1 | Names of Reporting Persons
RET Ventures III GP, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,291,997.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: The amounts set forth in line 6, 8 and 9 represent shares of Common Stock of the Issuer. The percentage set forth in line 11 is based upon 188,178,506 shares of Common Stock outstanding as of May 5, 2025, as reported by the Issuer on its Quarterly Report on Form 10-Q filed with the SEC on May 7, 2025. Includes (i) 4,127,184 shares of Common Stock held directly by RETV III LP, (ii) 76,398 shares of Common Stock held directly by RETV Affiliates III and (iii) 88,415 shares of Common Stock held directly by RETV Associates III. RET Ventures III GP, LLC serves as the sole general partner of each of RETV III LP, RETV Affiliates III and RETV Associates III. As such, RET Ventures III GP, LLC possesses power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares. RET Ventures III GP, LLC owns no securities of the Issuer directly. John Helm and Christopher Yip serve as Managing Directors of RET Ventures III GP, LLC. As such, Helm and Yip possess power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares.
SCHEDULE 13G
|
| CUSIP No. | 83193G107 |
| 1 | Names of Reporting Persons
John Helm | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
11,576,328.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
6.2 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The amounts set forth in line 5, 6, 7, 8 and 9 represent shares of Common Stock of the Issuer. The percentage set forth in line 11 is based upon 188,178,506 shares of Common Stock outstanding as of May 5, 2025, as reported by the Issuer on its Quarterly Report on Form 10-Q filed with the SEC on May 7, 2025. Includes (i) 4,127,184 shares of Common Stock held directly by RETV III LP, (ii) 4,291,996 shares of Common Stock held directly by RETV Strategic Fund LP, (iii) 76,398 shares of Common Stock held directly by RETV Affiliates III, (iv) 88,415 shares of Common Stock held directly by RETV Associates III and (v) 2,992,335 shares of Common Stock held directly by John Helm. RET Ventures Strategic Fund GP, LLC serves as the sole general partner of RETV Strategic Fund LP. As such, RET Ventures Strategic Fund GP, LLC possesses power to direct the voting and disposition of the RETV Strategic Fund LP shares and may be deemed to have indirect beneficial ownership of the RETV Strategic Fund LP shares. RET Ventures Strategic Fund GP, LLC owns no securities of the Issuer directly. RET Ventures III GP, LLC serves as the general partner of each of RETV III LP, RETV Affiliates III and RETV Associates III. As such, RET Ventures III GP, LLC possesses power to direct the voting and disposition of the RETV III LP, RETV Affiliates III and RETV Associates III shares and may be deemed to have indirect beneficial ownership of the RETV III LP, RETV Affiliates III and RETV Associates III shares. RET Ventures III GP, LLC owns no securities of the Issuer directly. John Helm and Christopher Yip serve as Managing Directors of RET Ventures Strategic Fund GP, LLC and RET Ventures III GP, LLC. As such, Helm and Yip possess power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares.
SCHEDULE 13G
|
| CUSIP No. | 83193G107 |
| 1 | Names of Reporting Persons
Christopher Yip | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
9,522,932.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
5.1 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: The amounts set forth in line 5, 6, 7, 8 and 9 represent shares of Common Stock of the Issuer. The percentage set forth in line 13 is based upon 188,178,506 shares of Common Stock outstanding as of May 5, 2025, as reported by the Issuer on its Quarterly Report on Form 10-Q filed with the SEC on May 7, 2025. Includes (i) 4,127,184 shares of Common Stock held directly by RETV III LP, (ii) 4,291,996 shares of Common Stock held directly by RETV Strategic Fund LP, (iii) 76,398 shares of Common Stock held directly by RETV Affiliates III, (iv) 88,415 shares of Common Stock held directly by RETV Associates III and (v) 938,939 shares of Common Stock held directly by Christopher Yip. RET Ventures Strategic Fund GP, LLC serves as the sole general partner of RETV Strategic Fund LP. As such, RET Ventures Strategic Fund GP, LLC possesses power to direct the voting and disposition of the RETV Strategic Fund LP shares and may be deemed to have indirect beneficial ownership of the RETV Strategic Fund LP shares. RET Ventures Strategic Fund GP, LLC owns no securities of the Issuer directly. RET Ventures III GP, LLC serves as the general partner of each of RETV III LP, RETV Affiliates III and RETV Associates III. As such, RET Ventures III GP, LLC possesses power to direct the voting and disposition of the RETV III LP, RETV Affiliates III and RETV Associates III shares and may be deemed to have indirect beneficial ownership of the RETV III LP, RETV Affiliates III and RETV Associates III shares. RET Ventures III GP, LLC owns no securities of the Issuer directly. John Helm and Christopher Yip serve as Managing Directors of RET Ventures Strategic Fund GP, LLC and RET Ventures III GP, LLC. As such, Helm and Yip possess power to direct the voting and disposition of these shares and may be deemed to have indirect beneficial ownership of these shares.
SCHEDULE 13G
|
| Item 1. | ||
| (a) | Name of issuer:
SmartRent, Inc. | |
| (b) | Address of issuer's principal executive offices:
8665 E. Hartford Drive, Suite 200 Scottsdale, AZ, 85255 | |
| Item 2. | ||
| (a) | Name of person filing:
This Schedule 13G is filed by RET Ventures Strategic Fund, L.P. ("RETV Strategic Fund"), RET Ventures Associates III, L.P. ("RETV Associates III"), RET Ventures Affiliates III, L.P. ("RETV Affiliates III"), RET Ventures III, L.P. ("RETV III LP"), RET Ventures Strategic Fund GP, LLC, RET Ventures III GP, LLC, John Helm ("Helm") and Christopher Yip ("Yip" and, with RETV Strategic Fund, RETV Associates III, RETV Affiliates III, RETV III LP, RET Ventures Strategic Fund GP, LLC, RET Ventures III GP, LLC and Helm, collectively, the "Reporting Persons"). By virtue of the relationships described herein, the Reporting Persons may be deemed to constitute a "group" for the purpose of Section 13(d)(3) of the Act. The filing of this Statement shall not be construed as an admission that the Reporting Persons are a group, or have agreed to act as a group. Each Reporting Person expressly disclaims beneficial ownership of the securities reported herein, except to the extent such Reporting Person expressly disclaims voting or dispositive power with respect to such securities. | |
| (b) | Address or principal business office or, if none, residence:
136 Heber Ave, Suite 304, Park City, UT 84060. | |
| (c) | Citizenship:
Each of RETV Strategic Fund, RETV Associates III, RETV Affiliates III, RETV III LP, RET Ventures Strategic Fund GP, LLC and RET Ventures III GP, LLC was organized in the state of Delaware and each of the individuals is a citizen of the United States. | |
| (d) | Title of class of secur
ities:
Class A Common stock, $0.0001 par value per share | |
| (e) | CUSIP No.:
83193G107 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
| |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
| |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
| |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
| |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
| |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
| |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
| |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
| |
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
| |
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
| |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
12,515,267 | |
| (b) | Percent of class:
6.7 %
| |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
See line 5 of cover sheets | ||
| (ii) Shared power to vote or to direct the vote:
See line 6 of cover sheets | ||
| (iii) Sole power to dispose or to direct the disposition of:
See line 7 of cover sheets | ||
| (iv) Shared power to dispose or to direct the disposition of:
See line 8 of cover sheets | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
| ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
| ||
| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
| ||
| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
| ||
| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exhibit Information
|
Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. |