TechTarget executive sells 8,950 shares for taxes
The reported sale covered withholding taxes and was described as non-discretionary.
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Rhea-AI Filing Summary
TechTarget, Inc. Chief Revenue Officer Steven Niemiec received 19,437 common shares when restricted stock units vested on September 22, 2026. On September 23, he sold 8,950 shares at an average $3.74 per share in a sell-to-cover transaction for withholding taxes; the transaction was described as not discretionary. After vesting, 38,873 RSUs remained, scheduled to vest in 2027 and 2028. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F4 | 8,950 | $3.74 | $33K |
| Exercise | Restricted Stock Units F1, F2, F5 | 19,437 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 19,437 | -- | -- |
Footnotes (5)
- F1. This transaction represents the settlement of restricted stock units ("RSUs") in shares of common stock on their scheduled vesting date.
- F2. Each RSU represents a contingent right to receive one share of TechTarget, Inc.'s ("Informa TechTarget") Common Stock upon vesting.
- F3. Reflects a "sell to cover" transaction to cover withholding taxes due in connection with Informa TechTarget's delivery to the Reporting Person of shares in settlement of restricted stock units. This "sell to cover" transaction in order to satisfy tax obligations does not represent a discretionary transaction by the Reporting Person.
- F4. The price reflected is the average price per share for the transactions that are aggregated and reported on the line. Shares ranged in price from $3.74 to $3.77. The Reporting Person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares purchased or sold at each separate price.
- F5. This award was granted on September 22, 2025. 19,437 of the RSUs subject to the award vested on September 22, 2026, 19,437 of the RSUs are scheduled to vest on September 22, 2027, and 19,436 of the RSUs are scheduled to vest on September 22, 2028. Vested shares will be delivered to the Reporting Person on the applicable dates as set forth in the Reporting Person's award agreement with respect to each vesting tranche.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
sell to cover financial
scheduled vesting date financial
FAQ
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Was Steven Niemiec's TTGT transaction under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.