Super Micro (NASDAQ: SMCI) CAO settles 2,250 RSUs, withholds shares for taxes
Rhea-AI Filing Summary
Super Micro Computer, Inc. (SMCI) reported that officer Kenneth Cheung, SVP and Chief Accounting Officer, had 2,250 restricted stock units vest and convert into an equal number of shares of common stock on August 17, 2026. The related RSU derivative position is now reported as 0. Of the vested shares, 808 shares of common stock were withheld by SMCI at $38.28 per share to satisfy tax withholding and remittance obligations in a net settlement, which is described as not being a market transaction and is exempt from Section 16(b) under Rule 16b-3(e). The filing does not state Cheung’s resulting common stock holdings after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,442 shares
Net Buy
3 txns
Insider
Cheung Kenneth
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 2,250 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,250 | -- | -- |
| Tax Withholding | Common Stock F2 | 808 | $38.28 | $31K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 63,772 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 vested and converted: 2,250 units / shares
RSU derivative position after transaction: 0 units
Shares withheld for taxes: 808 shares
+3 more
6 metrics
RSUs vested and converted
2,250 units / shares
Restricted stock units vested and settled in common stock on August 17, 2026
RSU derivative position after transaction
0 units
Total shares following transaction for RSUs reported as 0.0000
Shares withheld for taxes
808 shares
Common stock withheld to satisfy tax withholding obligations on August 17, 2026
Withholding price per share
$38.28 per share
Price used for shares withheld to pay tax liability
Exercise transactions
1 transaction / 2,250 shares
Exercise or conversion of derivative security (RSUs) on August 17, 2026
Tax withholding transaction
1 transaction / 808 shares
Payment of tax liability by withholding shares, code F
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 equity transaction did SMCI officer Kenneth Cheung report in this Form 4?
Kenneth Cheung reported 2,250 restricted stock units vesting and converting into 2,250 SMCI common shares on August 17, 2026. These vested units were settled in common stock, and the corresponding RSU derivative position is now reported as zero.
What happened to Kenneth Cheung’s restricted stock units in the SMCI Form 4 filing?
2,250 restricted stock units vested for Kenneth Cheung and were settled in 2,250 shares of SMCI common stock. After this vesting and settlement, the filing reports 0 restricted stock units remaining from this award.
Was Kenneth Cheung’s SMCI Form 4 transaction executed under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked, indicating the reported transactions were not affirmatively identified as made under a Rule 10b5-1 trading plan. The transactions relate to RSU vesting and associated tax withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
