TechTarget executive sells 8,950 shares for taxes
The reported sale covered withholding taxes and was described as non-discretionary.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Niemiec Steven
Role
Chief Revenue Officer
Sold
8,950 shs ($33K)
Approx. gross sale proceeds
$33K
| 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 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 38,873 contracts (Direct);
Common Stock — 137,875 shares (Direct)
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
RSUs settled: 19,437 RSUs
Shares sold: 8,950 shares
Average sale price: $3.74 per share
+3 more
6 metrics
RSUs settled
19,437 RSUs
Vested September 22, 2026, and settled in common shares
Shares sold
8,950 shares
September 23, 2026; sell-to-cover transaction
Average sale price
$3.74 per share
September 23, 2026
RSUs following settlement
38,873 RSUs
Reported after the September 22, 2026 settlement
RSUs scheduled to vest
19,437 RSUs
September 22, 2027
RSUs scheduled to vest
19,436 RSUs
September 22, 2028
Key Terms
restricted stock units ("RSUs"), sell to cover, scheduled vesting date
3 terms
restricted stock units ("RSUs") financial
"settlement of restricted stock units ("RSUs") in shares"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
sell to cover financial
"Reflects a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
scheduled vesting date financial
"on their scheduled vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was Steven Niemiec's TTGT transaction under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.