SMCI Insider Filing: Weigand Executes 10b5-1 Plan, Retains 100,188 Shares
Rhea-AI Filing Summary
David E. Weigand, SVP and Chief Financial Officer of Super Micro Computer, Inc. (SMCI), reported option exercise and share sales under a Rule 10b5-1 trading plan. On 09/03/2025 he exercised 25,000 employee stock options with an adjusted exercise price of $5.304 per share, resulting in an immediate increase in beneficially owned common stock to 125,188 shares. The same day he sold 24,700 shares at a weighted average price of $40.2844 and 300 shares at a weighted average price of $40.8533, leaving him with 100,188 shares.
The filing notes the exercised option was equitably adjusted for a 10-for-1 forward split and is fully vested. Table II shows 50,000 employee stock options remain outstanding and exercisable. The transactions were effected pursuant to a 10b5-1 plan adopted May 30, 2025.
Positive
- Transactions executed under a Rule 10b5-1 plan, indicating preplanned trading during an open window
- Exercise price was low ($5.304) after split adjustment, allowing material value realization at the reported sale prices
- Reporting person retains material ownership: 100,188 common shares and 50,000 exercisable options remain
Negative
- Beneficial ownership of common stock declined from 125,188 to 100,188 shares following the sales
Insights
TL;DR: Insider exercised low-cost options and sold shares under a 10b5-1 plan, leaving meaningful residual equity and remaining exercisable options.
The reporting officer exercised 25,000 options at $5.304 and immediately sold the same number of underlying shares at roughly $40.28–$40.85, crystallizing substantial pre-tax gain per share relative to the exercise price. Beneficial ownership fell from 125,188 to 100,188 shares, while 50,000 options remain outstanding and exercisable. These are routine, preplanned transactions that realize value from long-dated options adjusted for the prior 10-for-1 split; they do not provide new operational information about SMCI.
TL;DR: Transactions were executed under a documented 10b5-1 plan and include disclosure of split adjustment and vesting status.
The Form 4 discloses that the trades were made pursuant to a Rule 10b5-1 trading plan adopted during an open window and includes transparent weighted-average pricing and a commitment to provide per-transaction details if requested. The reporting person confirmed the option is fully vested and the option award was equitably adjusted for the September 2024 forward split, which supports clean disclosure and governance compliance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 25,000 | $0.00 | -- |
| Exercise | Common Stock | 25,000 | $5.304 | $133K |
| Sale | Common Stock | 24,700 | $40.2844 | $995K |
| Sale | Common Stock | 300 | $40.8533 | $12K |
Footnotes (1)
- The stock option exercises and broker-assisted sales transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2025 during the Company's open window period (the "Trading Plan"). The price reported here is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.79 to $40.76, inclusive. The Reporting Person undertakes to provide to Super Micro Computer, Inc., any security holder of Super Micro Computer, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The price reported here is a weighted average price. The shares were sold in multiple transactions at prices ranging from $40.80 to $40.90, inclusive. The Reporting Person undertakes to provide to Super Micro Computer, Inc., any security holder of Super Micro Computer, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. This option was previously reported as covering 10x fewer shares at a 10x greater exercise price, but was equitably adjusted in connection with the ten-for-one forward split, effective on September 30, 2024. This stock option is fully vested and exercisable.
