Super Micro CFO exercises RSUs, withholds shares for tax
Super Micro Computer, Inc. SVP and Chief Financial Officer David E. Weigand reported the exercise of 1,480 restricted stock units, which converted into an equal number of shares of common stock.
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Rhea-AI Filing Summary
Super Micro Computer, Inc. SVP and Chief Financial Officer David E. Weigand reported the exercise of 1,480 restricted stock units, which converted into an equal number of shares of common stock. Of these, 754 shares were withheld at $31.46 per share to satisfy tax withholding obligations in a transaction characterized as a tax-related share delivery rather than a market sale. Following the derivative transaction, Weigand held 10,410 restricted stock units directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 1,480 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,480 | -- | -- |
| Tax Withholding | Common Stock F2 | 754 | $31.46 | $24K |
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 vest at the rate of 25% of the total number of units on May 10, 2025 and 1/16th at the end of each three-month period thereafter. Vested units are settled in shares of SMCI common stock.
Key Figures
Key Terms
Restricted Stock Units financial
net settlement financial
Rule 16b-3(e) regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SMCI CFO David Weigand report on this Form 4?
How many SMCI restricted stock units does David Weigand hold after this Form 4 transaction?
Was David Weigand’s SMCI Form 4 transaction executed under a Rule 10b5-1 trading plan?
Does the SMCI Form 4 indicate a market sale by CFO David Weigand?
AI-generated analysis. How Rhea-AI works. Not financial advice.