Super Micro CAO settles RSUs, withholds shares for taxes
Super Micro Computer, Inc. SVP and Chief Accounting Officer Kenneth Cheung reported equity award activity on August 10, 2026.
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Form Type
4
Rhea-AI Filing Summary
Super Micro Computer, Inc. SVP and Chief Accounting Officer Kenneth Cheung reported equity award activity on August 10, 2026. He exercised and settled 4,679 restricted stock units into an equal number of common shares, and 1,680 shares of common stock were withheld at $31.46 per share to satisfy tax withholding obligations in connection with the net settlement of vested units, which was not a market transaction and is described as exempt under Rule 16b-3(e). The RSUs involved vest subject to continued service, with one grant vesting 25% on August 10, 2024 and 1/16 each three-month period thereafter, and another vesting 25% on August 10, 2026 with the same quarterly schedule.
Insider Trade Summary
4,679 shares exercised/converted
Exercise
6 txns
Insider
Cheung Kenneth
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 1,250 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 3,429 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,250 | -- | -- |
| Tax Withholding | Common Stock F2 | 449 | $31.46 | $14K |
| Exercise | Common Stock F1 | 3,429 | -- | -- |
| Tax Withholding | Common Stock F2 | 1,231 | $31.46 | $39K |
Holdings After Transaction:
Restricted Stock Units — 15,289 contracts (Direct);
Common Stock — 62,330 shares (Direct)
Footnotes (4)
- 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 August 10, 2024 and 1/16th at the end of each three-month period thereafter. Vested units are settled in shares of SMCI common stock.
- F4. 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, 2026 and 1/16th at the end of each three-month period thereafter. Vested units are settled in shares of SMCI common stock.
Key Figures
RSUs exercised: 4,679 units
First RSU grant portion: 1,250 units
Second RSU grant portion: 3,429 units
+4 more
7 metrics
RSUs exercised
4,679 units
Total restricted stock units converted into common stock on August 10, 2026
First RSU grant portion
1,250 units
Restricted stock units settled into common stock from one grant
Second RSU grant portion
3,429 units
Restricted stock units settled into common stock from another grant
Shares withheld for taxes
1,680 shares
Common shares withheld to satisfy tax withholding and remittance obligations
Tax withholding price
$31.46 per share
Price used for shares withheld to cover tax obligations
RSU vesting rate (first grant)
25% then 1/16 quarterly
Vests 25% on August 10, 2024 and 1/16 every three months thereafter
RSU vesting rate (second grant)
25% then 1/16 quarterly
Vests 25% on August 10, 2026 and 1/16 every three months thereafter
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
"obligations 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 of 1934"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did SMCI executive Kenneth Cheung report on this Form 4?
Kenneth Cheung reported exercises of 4,679 restricted stock units into common stock and related tax-withholding share dispositions. These transactions reflect settlement of previously granted RSUs rather than an open-market stock purchase or sale.
How many SMCI RSUs did Kenneth Cheung convert to common stock in this filing?
Kenneth Cheung converted 4,679 restricted stock units into an equal number of SMCI common shares. The conversions arose from two RSU grants, one for 1,250 units and another for 3,429 units, each represented as contingent rights to receive common stock.
What are the vesting terms for the SMCI RSUs referenced in Kenneth Cheung’s Form 4?
The RSUs vest subject to continued service, with one grant vesting 25% on August 10, 2024 and 1/16 each three months thereafter. Another grant vests 25% on August 10, 2026 with the same quarterly 1/16 schedule, and vested units settle in common stock.
Does this SMCI Form 4 indicate use of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes describe the transactions as RSU vesting and tax withholding, without referencing a Rule 10b5-1 or pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
