[Form 4] Super Micro Computer, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Super Micro Computer, Inc. senior vice president and chief accounting officer Kenneth Cheung reported routine equity compensation activity involving restricted stock units (RSUs). On 2026-05-10, RSUs representing 1,250 shares of common stock were converted into common stock, reflecting a derivative exercise. In connection with this net settlement, 449 shares of common stock were withheld by the company at $35.37 per share solely to satisfy tax withholding and remittance obligations, and the filing states this was not a market transaction.
Following these transactions, Cheung directly holds 59,780 shares of SMCI common stock and 6,250 RSUs. According to the vesting schedule, these RSUs vest at 25% of the total units on August 10, 2024 and 1/16 of the total at the end of each successive calendar quarter thereafter, with vested units settled in shares of common stock, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,250 shares exercised/converted
Mixed
3 txns
Insider
Cheung Kenneth
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,250 | $0.00 | -- |
| Exercise | Common Stock | 1,250 | $0.00 | -- |
| Tax Withholding | Common Stock | 449 | $35.37 | $16K |
Holdings After Transaction:
Restricted Stock Units — 6,250 shares (Direct, null);
Common Stock — 59,780 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of SMCI common stock. Represents shares of SMCI common stock that have been withheld by SMCI to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-3(e) promulgated under the Act. Subject to the Reporting Person's continued service to SMCI, the restricted stock units vest at the rate of 25% of the total number of units on August 10, 2024 and 1/16th at the end of each successive calendar quarter thereafter. Vested units are settled in shares of SMCI common stock.
Key Figures
RSUs converted: 1,250 shares
Shares withheld for taxes: 449 shares at $35.37
Common shares held after transactions: 59,780 shares
+1 more
4 metrics
RSUs converted
1,250 shares
Restricted stock units converted into SMCI common stock on 2026-05-10
Shares withheld for taxes
449 shares at $35.37
Common stock withheld to satisfy tax obligations on 2026-05-10
Common shares held after transactions
59,780 shares
Direct SMCI common stock ownership following reported transactions
RSUs held after transactions
6,250 RSUs
Remaining restricted stock units subject to vesting schedule
Key Terms
Restricted Stock Units, net settlement, Section 16(b), Rule 16b-3(e)
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of SMCI common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net settlement financial
"in connection with the net settlement of vested restricted stock units and not a market transaction."
Section 16(b) regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-3(e)."
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(e) regulatory
"exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3(e) promulgated under the Act."
FAQ
What insider transactions did SMCI officer Kenneth Cheung report on this Form 4?
Kenneth Cheung reported the conversion of 1,250 restricted stock units into SMCI common stock and a related tax-withholding disposition of 449 shares. The withheld shares were used to satisfy tax obligations and are explicitly described as not a market transaction.
What is the vesting schedule for Kenneth Cheung’s SMCI restricted stock units?
The vesting schedule states that, subject to continued service, RSUs vest 25% of the total units on August 10, 2024 and 1/16 of the total at the end of each successive calendar quarter. Vested units are settled in shares of SMCI common stock.