TechTarget CFO sells 4,889 shares to cover taxes
The CFO's tax-related sale followed an RSU settlement, with 32,070 RSUs reported after the settlement.
Rhea-AI Filing Summary
TechTarget, Inc. Chief Financial Officer Daniel T. Noreck settled 16,035 restricted stock units into common shares on September 22, 2026. On September 23, 2026, he sold 4,889 shares at an average price of $3.74 per share in a “sell to cover” transaction for withholding taxes; the filing states this was not discretionary. The reported post-settlement position was 32,070 RSUs. 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
Noreck Daniel T
Role
Chief Financial Officer
Sold
4,889 shs ($18K)
Approx. gross sale proceeds
$18K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F4 | 4,889 | $3.74 | $18K |
| Exercise | Restricted Stock Units F1, F2, F5 | 16,035 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 16,035 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 32,070 contracts (Direct);
Common Stock — 96,626 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. One-third of the RSUs subject to the award vested on September 22, 2026, and one-third of the RSUs are scheduled to vest on each of September 22, 2027 and 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
Common shares sold: 4,889 shares
Average sale price: $3.74 per share
Sale-price range: $3.74 to $3.77 per share
+2 more
5 metrics
Common shares sold
4,889 shares
September 23, 2026; sell-to-cover transaction
Average sale price
$3.74 per share
Aggregated sale on September 23, 2026
Sale-price range
$3.74 to $3.77 per share
Price range for the aggregated sale
RSUs settled
16,035 RSUs
Settlement on September 22, 2026
RSUs following settlement
32,070 RSUs
Reported after the September 22, 2026 transaction
Key Terms
Restricted Stock Units, sell to cover, contingent right
3 terms
Restricted Stock Units financial
"settlement of restricted stock units on their scheduled vesting date"
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.
sell to cover financial
"Reflects a "sell to cover" transaction to cover withholding taxes"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many RSUs did TTGT's CFO settle, and what was his reported position afterward?
Daniel T. Noreck settled 16,035 RSUs into common stock on September 22, 2026, and 32,070 RSUs were reported following the transaction. Each RSU represents a contingent right to receive one share of TechTarget common stock upon vesting.
When are the remaining TTGT RSUs scheduled to vest?
One-third of the RSUs are scheduled to vest on each of September 22, 2027 and September 22, 2028. The award was granted on September 22, 2025, and one-third vested on September 22, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.