TechTarget CRO sells 21K shares to cover taxes
Rhea-AI Filing Summary
TechTarget, Inc. (TTGT) reported that Chief Revenue Officer Steven Niemiec sold 21,427 shares of common stock on August 28, 2026. The transaction was a non-discretionary "sell to cover" to satisfy withholding taxes upon settlement of previously reported restricted stock units. After this tax-related sale, Niemiec holds 127,388 shares of TechTarget common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 21,427 shares
Net Sell
1 txn
Insider
Niemiec Steven
Role
Chief Revenue Officer
Sold
21,427 shs ($82K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 21,427 | $3.8496 | $82K |
Holdings After Transaction:
Common Stock — 127,388 shares (Direct)
Footnotes (2)
- F1. Reflects a "sell to cover" transaction to cover withholding taxes due in connection with the Company's delivery to the Reporting Person of shares in settlement of restricted stock units, the vesting of which was previously reported on a Form 4 filed August 17, 2026. This "sell to cover" transaction in order to satisfy tax obligations does not represent a discretionary transaction by the Reporting Person.
- F2. 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 $3.8101 to $3.85. 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.
Key Figures
Shares sold: 21,427 shares of Common Stock
Average sale price: $3.8496 per share
Price range: $3.8101 to $3.85 per share
+1 more
4 metrics
Shares sold
21,427 shares of Common Stock
Sale on August 28, 2026 by Chief Revenue Officer Steven Niemiec
Average sale price
$3.8496 per share
Weighted average price for aggregated sales on August 28, 2026
Price range
$3.8101 to $3.85 per share
Range of prices for the aggregated sale transactions
Shares held after transaction
127,388 shares
Direct ownership by Steven Niemiec following the August 28, 2026 sale
Key Terms
sell to cover, withholding taxes, restricted stock units
3 terms
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.
withholding taxes financial
"transaction to cover withholding taxes due in connection with the"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
restricted stock units financial
"delivery to the Reporting Person of shares in settlement of restricted stock units"
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.
FAQ
What insider transaction did TechTarget (TTGT) report for Steven Niemiec?
TechTarget reported that Chief Revenue Officer Steven Niemiec sold 21,427 shares of common stock on August 28, 2026 in a non-discretionary "sell to cover" transaction related to tax withholding on vested restricted stock units.
Was Steven Niemiec’s TechTarget (TTGT) sale under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, and a footnote describes the trade as a tax-related "sell to cover" transaction, not a discretionary sale under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.