SMCI Insider Filing: Cheung RSUs Settled, Shares Withheld at $44.6
Rhea-AI Filing Summary
Kenneth Cheung, identified on the form as an officer and SVP, Chief Accounting Officer of Super Micro Computer, Inc. (SMCI), reported restricted stock unit activity that settled into common stock on 08/10/2025. The filing shows three separate restricted stock unit settlements for 1,620, 1,250 and 2,115 units that were converted into shares of SMCI common stock and recorded in the Form 4.
The company withheld shares to satisfy tax obligations — specifically 823, 635 and 922 shares at a tax withholding price of $44.6 per share — and the final reported direct beneficial ownership following the reported transactions is 55,857 shares. The filing notes the withheld shares were not market transactions and references Rule 16b-3(e).
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine officer RSU vesting and net settlement; tax-withholding occurred at $44.6, leaving 55,857 shares beneficially owned.
The Form 4 documents non-market settlements of restricted stock units on 08/10/2025 for Kenneth Cheung, SMCI's SVP and Chief Accounting Officer. Three RSU settlements of 1,620, 1,250 and 2,115 units were converted to common stock. Portions of those vested shares were withheld by the company for taxes (823, 635 and 922 shares) at a reported price of $44.6 per share, explicitly described as a net settlement and exempt under Rule 16b-3(e). The final direct beneficial ownership reported is 55,857 shares. This is a routine compensation-related disclosure with no indicated open-market sales.
TL;DR: Compensation-related vesting disclosed; withholding for taxes performed by issuer, consistent with net-settlement practice.
The filing is centered on vesting and settlement mechanics for equity compensation rather than discretionary trading. It lists contingent rights converting to one share per restricted stock unit and documents the company’s tax-withholding procedure rather than a market disposition. The details provided — amounts of vested units, shares withheld and the withholding price of $44.6 — are sufficient to confirm the transactions were administrative and not market-based. Impact on ownership is explicit: the reporting person holds 55,857 shares directly after these events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,620 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,250 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,115 | $0.00 | -- |
| Exercise | Common Stock | 1,620 | $0.00 | -- |
| Tax Withholding | Common Stock | 823 | $44.60 | $37K |
| Exercise | Common Stock | 1,250 | $0.00 | -- |
| Tax Withholding | Common Stock | 635 | $44.60 | $28K |
| Exercise | Common Stock | 2,115 | $0.00 | -- |
| Tax Withholding | Common Stock | 922 | $44.60 | $41K |
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 the Issuer, the restricted stock units vest at the rate of 25% of the total number of units on August 10, 2022 and 1/16th at the end of each successive calendar quarter thereafter. Vested units are settled in shares of SMCI common stock. Subject to the Reporting Person's continued service to the Issuer, 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 successive calendar quarter thereafter. Vested units are settled in shares of SMCI common stock. Subject to the Reporting Person's continued service to the Issuer, the restricted stock units vest at the rate of 50% of the total number of units on February 10, 2025 and the remaining 50% on August 10, 2025. Vested units are settled in shares of SMCI common stock.
