Smith posted a video to his verified Instagram account on Friday that began with the words on screen, "It's been a minute."
"Over the last few months, I've been doing a lot of thinking and personal work...," the statement reads. "You asked a lot of fair questions that I wanted to take some time to answer."
Smith can then be heard sighing, he enters the screen and addresses to camera why he didn't apologize to Rock during his Oscars acceptance speech following his win for best actor for his role in "King Richard."
"I was fogged out by that point," Smith says. "It's all fuzzy. I've reached out to Chris and the message that came back is that he's not ready to talk and when he is, he will reach out. So I will say to you Chris, I apologize to you. My behavior was unacceptable and I'm here whenever you are ready to talk."
Smith also apologizes to Rock's mother, family and his brother, Tony Rock, who had starred in the 2007 sitcom "All of Us," which was created by Smith and his wife Jada Pinkett Smith.
"We had a great relationship," Smith says. "Tony Rock was my man and this is probably irreparable."
Smith walked on stage at the Oscars and slapped Chris Rock, who was presenting at the time, after he made a joke about Smith's wife's shaved head.
Pinkett Smith suffers hair loss due to alopecia, an autoimmune condition that can lead to hair loss.
In his video, Smith also answers the question as to whether or not his wife, after rolling her eyes at Rock's joke, had asked him to do something in that moment by saying she did not.
He also apologizes to her, their children, and his fellow Academy Award nominees in the post.
Smith says he "spent the last three months replaying and understanding the nuance and the complexities of what happened in that moment."
"I'm not going to try to unpack all of that right now, but I can say to all of you, there is no part of me that thinks that was the right way to behave in that moment," he says. "There's no part of me that thinks that is the optimal way to handle a feeling of disrespect or insults."
Smith adds that it hurts him to know that he didn't live up to the image people had of him.
"Disappointing people is my central trauma," he says." I hate when I let people down so it hurts."
Smith directs a message to his supporters, saying he's committed "to putting light and love and joy into the world."
"If you hang on I promise we'll be able to be friends again," he concludes.
Actor Anne Heche remains hospitalized and on a ventilator to help her breathe, four days after she was injured in a fiery car crash. A spokeswoman for the actor says she slipped into a coma and is in critical condition. Heche has what the spokeswoman called “a significant” lung injury, and burns requiring surgery. Last Friday in Los Angeles, Heche’s car smashed into a house. Flames erupted, and Heche was pulled by firefighters from the vehicle embedded in the house. Heche, who has appeared on TV and in films, was alone in the car when it crashed. No one else was reported injured.
FILE - In this combo of file photos, Chris Rock, left, appears at the the FX portion of the Television Critics Association Winter press tour in Pasadena, Calif., on Jan. 9, 2020; and Will Smith appears at the 94th Academy Awards nominees luncheon in Los Angeles on March 7, 2022.