Rodney I. Smith Holds 549,499 SMID Shares, 13G Filing Shows
Ticker: SMID · Form: SC 13G · Filed: Jan 23, 2024
Sentiment: neutral
Topics: insider-ownership, SC-13G, beneficial-ownership
TL;DR
**Insider Rodney I. Smith owns 549,499 shares of SMID, a significant stake.**
AI Summary
Rodney I. Smith, a key individual associated with Smith-Midland Corporation (SMID), reported beneficial ownership of 549,499 shares of the company's common stock as of December 31, 2023. This filing, an Amendment No. 1 to Schedule 13G, indicates that Mr. Smith holds sole voting and sole dispositive power over these shares. This matters to investors because it shows a significant insider stake, which can signal confidence in the company's future, but also means a large block of shares is controlled by one person.
Why It Matters
A substantial insider ownership, like Rodney I. Smith's 549,499 shares, often suggests that the company's leadership has a vested interest in its long-term success, aligning their interests with those of other shareholders.
Risk Assessment
Risk Level: low — This filing generally indicates a stable ownership position by an insider, which is typically not a high-risk event for investors.
Analyst Insight
Investors should note the significant insider ownership by Rodney I. Smith, which can be a positive signal of alignment with shareholder interests, but should also consider the overall company performance and market conditions before making investment decisions.
Key Numbers
- 549,499 — Shares Beneficially Owned (Total shares of Smith-Midland Corporation common stock owned by Rodney I. Smith)
Key Players & Entities
- Rodney I. Smith (person) — Reporting Person, beneficial owner of shares
- Smith-Midland Corporation (company) — Issuer of the securities
- 549,499 (dollar_amount) — Number of shares beneficially owned by Rodney I. Smith
- December 31, 2023 (date) — Date of event requiring the filing
Forward-Looking Statements
- Rodney I. Smith will maintain a significant ownership stake in Smith-Midland Corporation. (Rodney I. Smith) — high confidence, target: Next 12-24 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is Rodney I. Smith, as stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Smith-Midland Corporation, as indicated in the 'Name of Issuer' section of the filing.
How many shares of common stock does Rodney I. Smith beneficially own?
Rodney I. Smith beneficially owns 549,499 shares of common stock, as reported in Row 9 of the cover page, 'Aggregate Amount Beneficially Owned by Each Reporting Person'.
What is the CUSIP number for the class of securities mentioned in the filing?
The CUSIP number for the Common Stock, $.01 par value per share, is 832156103, as stated in the filing.
What was the date of the event that required this Schedule 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
Filing Stats: 909 words · 4 min read · ~3 pages · Grade level 7.1 · Accepted 2024-01-23 13:05:14
Filing Documents
- smid_sc13g.htm (SC 13G) — 46KB
- 0001654954-24-000820.txt ( ) — 47KB
Ownership
Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 549,499 (b) Percent of class: 10.5% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 549,499 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 549,499 (iv) Shared power to dispose or to direct the disposition of: 0
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five 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.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not applicable.
Certifications
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 Section 240.14a-11. CUSIP No. 832156103 13G Page 5 of 5 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. January 23, 2024 Date /s/ Rodney I. Smith Signature Rodney I. Smith Name/Title