SMID · Smith Midland Corp · Insider Trading
One customer — 10% of revenue (the six months ended June 30, 2026)
“For the six months ended June 30, 2026, the Company derived 10% of its revenue from one customer.”
2 customers — 24% of revenue (the six months ended June 30, 2025)
“For the six months ended June 30, 2025, the Company derived 24% and 10% of its revenue from two customers respectively.”
2 customers — 16% of revenue (the three months ended June 30, 2025)
“For the three months ended June 30, 2025, the Company derived 16% and 10% of its revenue from two customers respectively.”
One customer — 10% of revenue (the six months ended June 30, 2025)
“For the six months ended June 30, 2025, the Company derived 24% and 10% of its revenue from two customers respectively.”
One customer — 10% of revenue (the three months ended June 30, 2025)
“For the three months ended June 30, 2025, the Company derived 16% and 10% of its revenue from two customers respectively.”
One customer — 17% of receivables (As of June 30, 2026)
“As of June 30, 2026, one customer’s outstanding receivable balance exceeded 17% of the total outstanding receivable balance.”
3 customers — 10% of receivables (As of June 30, 2025)
“As of June 30, 2025, three customers’ outstanding receivable balance exceeded 10% of the total outstanding receivable balance.”
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
Insider Sentiment Score
Peer-relative 0–100 rank of how aggressively insiders accumulated over the trailing 90 days. See the full ranking.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-09-02 | Smith Matthew I |
Director |
Buy↑
|
Common Stock
|
2,000 |
| 2026-09-01 | SMITH ASHLEY B |
Director, Chief Executive Officer |
Buy↑
|
Common Stock
|
2,000 |
| 2026-01-05 | Hunter Dominic L |
Chief Financial Officer |
Award↑
Filing footnotes — Common Stock (Direct)
Shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan to vest immediately upon issuance. The shares granted were in respect to Officer stock bonus award of $15,000. |
Common Stock
|
408 |
| 2025-12-19 | Van de Water Read |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan to vest immediately upon issuance. The shares granted were in respect to Director's fees of $15,000, based on the closing price of $36.24 of the Common Stock on December 18, 2025. |
Common Stock
|
414 |
| 2025-12-19 | Gerhardt Richard |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan to vest immediately upon issuance. The shares granted were in respect to Director's fees of $15,000, based on the closing price of $36.24 of the Common Stock on December 18, 2025. |
Common Stock
|
414 |
| 2025-12-19 | Bruner James Russell |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan to vest immediately upon issuance. The shares granted were in respect to Director's fees of $15,000, based on the closing price of $36.24 of the Common Stock on December 18, 2025. |
Common Stock
|
414 |
| 2025-11-24 | Gerhardt Richard |
Director |
Sell↓
|
Common Stock
|
666 |
| 2025-08-22 | SMITH RODNEY I |
10% Owner |
Sell↓
|
Common Stock
|
13,656 |
| 2025-08-21 | SMITH RODNEY I |
10% Owner |
Sell↓
|
Common Stock
|
1,290 |
| 2025-08-20 | Bruner James Russell |
Director |
Sell↓
|
Common Stock
|
6,000 |
| 2025-08-19 | SMITH RODNEY I |
10% Owner |
Sell↓
|
Common Stock
|
54 |
| 2024-12-10 | SMITH ASHLEY B |
Director, Chief Executive Officer |
Gift↓
Filing footnotes — Common Stock (Direct)
Represents a bona fide gift of shares to Community Foundation of the Rappahannock River Region Inc. This total reflects a revised calculation due to a prior reporting error in the number of shares beneficially owned by the reporting person. The number of shares represented on this Form 4 represents the number obtained by an actual counting of the shares owned by the reporting person. The reporting person has owned shares for over 20 years and the initial date of the reporting error cannot be determined at this time. |
Common Stock
|
10,000 |
| 2024-06-14 | Gerhardt Richard |
Director |
Sell↓
|
Common Stock
|
1,334 |
| 2024-05-30 | Smith Matthew I |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on vested stock granted under the 2016 Equity Incentive Plan. |
Common Stock
|
2,157 |
| 2024-05-30 | Smith Matthew I |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents the vesting of a performance-based Restricted Stock Award granted to the reporting person on April 9, 2021 under the 2016 Equity Incentive Plant. The number of shares vested on May 30, 2024 was based upon the issuer's satisfaction of certain performance criteria. |
Common Stock
|
6,485 |
| 2024-05-30 | SMITH ASHLEY B |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Common Stock (Direct)
Represents the vesting of a performance-based Restricted Stock Award granted to the reporting person on April 9, 2021 under the 2016 Equity Incentive Plant. The number of shares vested on May 30, 2024 was based upon the issuer's satisfaction of certain performance criteria. |
Common Stock
|
15,077 |
| 2024-05-30 | SMITH ASHLEY B |
Director, Chief Executive Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on vested stock granted under the 2016 Equity Incentive Plan. |
Common Stock
|
5,016 |
| 2023-12-14 | SMITH RODNEY I |
10% Owner |
Gift↓
Filing footnotes — Common Stock (Direct)
Represents a bona fide gift of shares to Bridgewater College with the condition that Bridgewater College must hold the shares for a minimum of 6 months. |
Common Stock
|
40,000 |
| 2023-12-14 | Gerhardt Richard |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan to vest immediately upon issuance |
Common Stock
|
423 |
| 2023-12-14 | TAYLOR WESLEY A |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan to vest immediately upon issuance |
Common Stock
|
423 |
| 2023-12-14 | Bruner James Russell |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan to vest immediately upon issuance |
Common Stock
|
423 |
| 2023-06-08 | TAYLOR WESLEY A |
Director |
Sell↓
|
Common Stock
|
3,700 |
| 2023-06-07 | TAYLOR WESLEY A |
Director |
Sell↓
|
Common Stock
|
1,300 |
| 2022-12-08 | SMITH ASHLEY B |
Director, Chief Executive Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2022 |
Common Stock
|
1,300 |
| 2022-12-08 | TAYLOR WESLEY A |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2022 |
Common Stock
|
683 |
| 2022-12-08 | Gerhardt Richard |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2022 |
Common Stock
|
444 |
| 2022-12-08 | Krick Adam Jay |
Chief Financial Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2022 |
Common Stock
|
1,087 |
| 2022-10-26 | TAYLOR WESLEY A |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on October 26, 2022 |
Common Stock
|
344 |
| 2022-10-26 | Krick Adam Jay |
Chief Financial Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on October 26, 2022 |
Common Stock
|
516 |
| 2022-10-26 | Gerhardt Richard |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on October 26, 2022 |
Common Stock
|
306 |
| 2021-12-10 | SMITH ASHLEY B |
Director, Chief Executive Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2021 |
Common Stock
|
1,003 |
| 2021-12-10 | SMITH RODNEY I |
10% Owner |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2021 |
Common Stock
|
458 |
| 2021-12-10 | TAYLOR WESLEY A |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2021 |
Common Stock
|
334 |
| 2021-12-10 | Krick Adam Jay |
Chief Financial Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2021 |
Common Stock
|
1,097 |
| 2021-12-10 | Gerhardt Richard |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Shares withheld by the Issuer to pay tax on stock, issued under the 2016 Equity Incentive Plan, that vested on December 8, 2021 |
Common Stock
|
713 |
| 2021-10-26 | SMITH ASHLEY B |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Common Stock (Direct)
Restricted shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan which vest to the extent of one-third of the shares on each of October 26, 2021, October 26, 2022, and October 26, 2023. |
Common Stock
|
5,000 |
| 2021-10-26 | Krick Adam Jay |
Chief Financial Officer |
Award↑
Filing footnotes — Common Stock (Direct)
Restricted shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan which vest to the extent of one-third of the shares on each of October 26, 2021, October 26, 2022, and October 26, 2023. |
Common Stock
|
3,000 |
| 2021-10-26 | Gerhardt Richard |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Restricted shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan which vest to the extent of one-third of the shares on each of October 26, 2021, October 26, 2022, and October 26, 2023. |
Common Stock
|
2,000 |
| 2021-10-26 | Bruner James Russell |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Restricted shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan which vest to the extent of one-third of the shares on each of October 26, 2021, October 26, 2022, and October 26, 2023. |
Common Stock
|
2,000 |
| 2021-10-26 | TAYLOR WESLEY A |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Restricted shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan which vest to the extent of one-third of the shares on each of October 26, 2021, October 26, 2022, and October 26, 2023. |
Common Stock
|
2,000 |
| 2021-10-26 | SMITH RODNEY I |
10% Owner |
Award↑
Filing footnotes — Common Stock (Direct)
Restricted shares granted pursuant to the Smith-Midland Corporation 2016 Equity Incentive Plan which vest to the extent of one-third of the shares on each of October 26, 2021, October 26, 2022, and October 26, 2023. |
Common Stock
|
750 |
| 2021-09-08 | SMITH ASHLEY B |
Director, Chief Executive Officer |
Buy↑
|
Common Stock
|
1,100 |
| 2021-08-30 | SMITH RODNEY I |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 15, 2021. |
Common Stock
|
300 |
| 2021-08-27 | SMITH RODNEY I |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 15, 2021. |
Common Stock
|
7,033 |
| 2021-08-26 | SMITH RODNEY I |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 15, 2021. |
Common Stock
|
867 |
| 2021-08-25 | SMITH RODNEY I |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 15, 2021. |
Common Stock
|
103 |
| 2021-08-23 | SMITH RODNEY I |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 15, 2021. |
Common Stock
|
2,500 |
| 2021-08-20 | SMITH RODNEY I |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 15, 2021. |
Common Stock
|
800 |
| 2021-08-19 | SMITH RODNEY I |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 15, 2021. |
Common Stock
|
4,000 |
| 2021-08-18 | SMITH RODNEY I |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on June 15, 2021. |
Common Stock
|
27,059 |