[Form 4] Super Micro Computer, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Super Micro Computer, Inc. (SMCI) filed a Form 4 reporting director Wally Yih-Shyan Liaw’s transactions on 1 July 2025. Liaw exercised 1,393 restricted stock units (RSUs)—800 units from a 2024-granted award and 593 units from a 2025-granted award (transaction code “M”). To cover withholding taxes, 500 shares were automatically sold (transaction code “F”) at a price of $47.20, resulting in a net increase of 893 shares.

After the transactions, Liaw holds 73,497 shares directly. Indirectly, he controls 14,990,450 shares through the Liaw Family Trust and 193,770 shares through his spouse, underscoring a sizable insider stake that remains largely intact. The RSU awards vest in four equal annual tranches each 1 July, provided continued service, and reflect the 10-for-1 forward split effective 30 September 2024.

The filing signals routine equity-based compensation vesting with limited sales for tax purposes. No open-market sales occurred, and total insider ownership remains substantial, implying continued alignment with shareholder interests. The event is considered neutral-to-slightly positive in impact given the net share accumulation and absence of discretionary selling.

Positive

• Net increase of 893 shares indicates the director retained the majority of vested RSUs.
• Large ongoing ownership (≈15.3 M shares) aligns insider and shareholder interests.
• No open-market discretionary selling, suggesting confidence rather than profit-taking.

Negative

• 500 shares disposed for tax withholding, though immaterial to total holdings.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; net +893 shares; Liaw still owns ~15.3 M shares—no material bearish signal.

The Form 4 details automatic conversions of RSUs that were already awarded to Mr. Liaw. The ‘M’ code indicates option/RSU exercise, while the ‘F’ code denotes shares withheld to satisfy taxes. Importantly, there were no discretionary open-market sales. Post-transaction, Liaw’s direct stake rises to 73,497 shares, and his total beneficial ownership—including trust and spouse holdings—exceeds 15.2 million shares, representing a meaningful insider position. Given SMCI’s multi-billion-dollar market capitalisation, the net +893 direct shares and the 500-share tax sale are immaterial financially and do not alter ownership concentration. Investors typically view retention of most vested shares as a mild positive, supporting confidence in future prospects. Overall impact: neutral from a valuation standpoint, modestly positive for sentiment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KAO GEORGE

(Last) (First) (Middle)

980 ROCK AVENUE

(Street)

SAN JOSE CA 95131

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Super Micro Computer, Inc. [ SMCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, OPERATIONS

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2025		M		603	A	(1)	21,227	D
Common Stock	07/01/2025		F		307	D	$47.2	20,920	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/01/2025		M			603	(2)	(2)	Common Stock	603	$0	1,809	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of SMCI common stock.

2. Subject to the Reporting Person's continued service to the Issuer, the restricted stock units vest in four equal annual increments on July 1 of each year, beginning on July 1, 2025. Vested units are settled in shares of SMCI common stock.

Remarks:

	/s/ George Kao	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did SMCI director Wally Liaw report on July 1 2025?

He exercised 1,393 RSUs and had 500 shares sold for tax withholding, netting 893 additional SMCI shares.

How many SMCI shares does Wally Liaw own after the Form 4 filing?

Directly 73,497 shares; indirectly 14,990,450 via the Liaw Family Trust and 193,770 via his spouse.

Were any open-market sales of SMCI stock disclosed?

No. Shares sold (500) were automatically withheld for taxes, not discretionary open-market sales.

What is the vesting schedule for the reported RSUs?

Each award vests in four equal annual tranches every July 1, contingent on continued service.

Why were prior RSU share counts adjusted?

The figures reflect SMCI’s 10-for-1 forward split effective September 30 2024.