Super Micro (SMCI) CFO’s RSU vesting nets shares after tax withholding
Rhea-AI Filing Summary
Super Micro Computer, Inc. (SMCI) reported that SVP and Chief Financial Officer David E. Weigand had 6,500 Restricted Stock Units convert into an equal number of SMCI common shares on August 17, 2026. Of these, 3,308 shares were withheld to satisfy tax withholding and remittance obligations, which the company states was not a market transaction. Following the conversion, the reported RSU position was reduced to zero, with the vested units settled in common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,192 shares
Net Buy
3 txns
Insider
WEIGAND DAVID E
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 6,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 6,500 | -- | -- |
| Tax Withholding | Common Stock F2 | 3,308 | $38.28 | $127K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 134,730 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of SMCI common stock.
- F2. 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.
- F3. Subject to the Reporting Person's continued service to SMCI, the restricted stock units vested in two equal tranches on August 17, 2026 and February 17, 2027. Vested units were settled in shares of SMCI common stock.
Key Figures
RSUs converted: 6,500 shares
Common shares acquired from RSUs: 6,500 shares
Shares withheld for taxes: 3,308 shares
+3 more
6 metrics
RSUs converted
6,500 shares
Restricted Stock Units converted into SMCI common stock on August 17, 2026
Common shares acquired from RSUs
6,500 shares
Shares of SMCI common stock received upon RSU settlement
Shares withheld for taxes
3,308 shares
Common stock withheld to satisfy tax withholding and remittance obligations
Tax withholding share value
$38.28 per share
Per-share value used for shares withheld for tax liabilities
RSU position after transaction
0 units
Total Restricted Stock Units following the conversion transaction
Exercise transactions
1 transaction; 6,500 shares
Summary of derivative exercise/conversion activity in the filing
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"
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"
Section 16(b) regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act"
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
"pursuant to Rule 16b-3(e) promulgated under the Act"
FAQ
What insider transaction did SMCI CFO David Weigand report on this Form 4?
David E. Weigand reported the conversion of 6,500 Restricted Stock Units into SMCI common stock on August 17, 2026. The filing also shows a portion of the resulting shares was withheld to cover tax obligations rather than sold in the market.
Did David Weigand’s Form 4 report any open-market sales of SMCI stock?
No open-market sales are reported; 3,308 shares were disposed of under code F as shares withheld to pay tax liabilities. The disclosure explicitly states this withholding was not a market transaction and is exempt under Rule 16b-3(e).
What happened to David Weigand’s RSU holdings in SMCI after this transaction?
After the transaction, the reported balance of Restricted Stock Units was 0. The filing explains that, subject to continued service, these RSUs vested in tranches and that vested units were settled in SMCI common stock, eliminating the reported RSU derivative position.
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