TechTarget (NASDAQ: TTGT) CFO sells shares to cover RSU taxes
Rhea-AI Filing Summary
TechTarget, Inc. (TTGT) reported insider equity activity by its Chief Financial Officer, Daniel T. Noreck. On August 24, 2026, he received a grant of 99,346 Restricted Stock Units (RSUs), each representing a contingent right to one share of common stock, vesting in equal one-third tranches on each anniversary of the grant date. On August 21, 2026, 5,633 shares of common stock were sold at an average price of $3.85 per share in a "sell to cover" transaction to satisfy withholding taxes related to a previously reported RSU vesting, which the company notes was not a discretionary sale. Following the sale, Noreck directly held 85,480 shares of TechTarget common stock.
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Insider Trade Summary
Net Seller: 5,633 shares
Net Sell
2 txns
Insider
Noreck Daniel T
Role
Chief Financial Officer
Sold
5,633 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F3, F4 | 99,346 | $0.00 | $0.00 |
| Sale | Common Stock F1, F2 | 5,633 | $3.85 | $22K |
Holdings After Transaction:
Restricted Stock Units — 99,346 shares (Direct);
Common Stock — 85,480 shares (Direct)
Footnotes (4)
- 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 $3.83 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.
- F3. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's Common Stock upon vesting.
- F4. The RSU grant vests in equal tranches, one-third per year on each anniversary of the grant date. 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 granted: 99,346 Restricted Stock Units
Underlying common stock for RSUs: 99,346 shares
Shares sold in sell-to-cover: 5,633 shares
+3 more
6 metrics
RSUs granted
99,346 Restricted Stock Units
Grant to CFO Daniel T. Noreck on August 24, 2026
Underlying common stock for RSUs
99,346 shares
Each RSU represents a right to receive one share of common stock
Shares sold in sell-to-cover
5,633 shares
Tax withholding-related sale on August 21, 2026
Average sale price
$3.85 per share
Average price for 5,633 shares sold; individual trades ranged $3.83–$3.85
Shares owned after sale
85,480 shares
Direct TechTarget common stock holdings of CFO after August 21, 2026 sale
RSU vesting schedule
One-third per year
RSU grant vests in equal tranches on each anniversary of the grant date
Key Terms
Restricted Stock Units, sell to cover, withholding taxes, contingent right
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive"
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 due"
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 Company's delivery"
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.
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive"
FAQ
What insider transactions did TechTarget (TTGT) report for Daniel T. Noreck in this Form 4?
The filing reports a grant of 99,346 RSUs on August 24, 2026, and a sale of 5,633 common shares on August 21, 2026, executed as a tax-related sell-to-cover transaction tied to a prior RSU vesting.
How many Restricted Stock Units did the TechTarget (TTGT) CFO receive, and how do they vest?
Daniel T. Noreck received 99,346 RSUs. Each RSU represents a contingent right to receive one share of TechTarget common stock, and the grant vests in equal one-third tranches each year on the anniversaries of the grant date.
Does the TechTarget (TTGT) Form 4 indicate use of a Rule 10b5-1 trading plan?
The filing does not indicate that the transactions were executed under a Rule 10b5-1 trading plan. Instead, the sale is specifically described as a tax-related sell-to-cover tied to RSU settlement, and not a discretionary trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
