Super Micro (NASDAQ: SMCI) SVP reports RSU conversion and tax share withholding
Rhea-AI Filing Summary
Super Micro Computer SVP and Chief Accounting Officer Kenneth Cheung reported equity award activity involving restricted stock units and common stock. On February 17, 2026, he exercised or converted 2,250 restricted stock units, each representing a right to receive one share of SMCI common stock, into 2,250 common shares at a stated price of $0.00 per share.
On the same date, 927 common shares were disposed of at $30.11 per share to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units, which is described as not a market transaction. Following these transactions, Cheung directly held 58,530 shares of SMCI common stock. The filing also notes that certain restricted stock units vest in two equal tranches on February 17, 2026 and August 17, 2026, subject to continued service, with vested units settled in SMCI shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,250 | $0.00 | -- |
| Exercise | Common Stock | 2,250 | $0.00 | -- |
| Tax Withholding | Common Stock | 927 | $30.11 | $28K |
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 in two equal tranches on February 17, 2026 and August 17, 2026. Vested units are settled in shares of SMCI common stock.