Menashe Neal 4
4 · Super Group (SGHC) Ltd · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Super Group (SGHC) CEO Menashe Neal Receives RSUs, Sells Shares
What Happened
Menashe Neal, CEO of Super Group (SGHC) Ltd, had restricted stock units (RSUs) vest and settle into 165,287 shares of common stock on March 31, 2026 (32,300 + 108,710 + 24,277). On April 8, 2026 he sold 78,530 of those shares in an open-market transaction at $10.71 per share, generating $841,056. The sale was made solely to satisfy tax withholding obligations associated with the vesting.
Key Details
- Transaction dates: RSU settlements (conversion of derivatives) recorded on 2026-03-31; open-market sale on 2026-04-08 at $10.71/share (proceeds $841,056).
- Shares settled into common stock on 3/31/2026: 165,287 total (32,300; 108,710; 24,277).
- Shares sold: 78,530 (open-market) to cover taxes; remaining settled shares held after the sale not specified in the filing.
- Notable footnotes: remaining portions of the March 1, 2026 grants (from F1 and F2) and the March 1, 2025 grant (F3) will vest in future installments (annual vesting through 2027–2028); the April 8 sale was solely for tax withholding (F4).
- Filing: Form 4 filed April 10, 2026. The April 8 sale was reported within two business days; the March 31 settlements appear reported together on April 10 (more than two business days after vesting).
Context
These transactions reflect RSU vesting (derivative conversions) followed by a partial sale to satisfy tax obligations — a routine administrative sale rather than a discretionary sell signal. For retail investors, note that exercised/settled RSUs increase insider-held shares, while sales to cover taxes are common and do not necessarily indicate CEO sentiment about the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-31+32,300→ 621,877 total - Exercise/Conversion
Common Stock
[F2]2026-03-31+108,710→ 730,587 total - Exercise/Conversion
Common Stock
[F3]2026-03-31+24,277→ 754,864 total - Sale
Common Stock
[F4]2026-04-08$10.71/sh−78,530$841,056→ 676,334 total - Exercise/Conversion
Restricted Stock Unit (RSUs)
[F1]2026-03-31−32,300→ 64,600 total→ Common Stock (32,300 underlying) - Exercise/Conversion
Restricted Stock Unit (RSUs)
[F2]2026-03-31−108,710→ 217,420 total→ Common Stock (108,710 underlying) - Exercise/Conversion
Restricted Stock Unit (RSUs)
[F3]2026-03-31−24,277→ 24,277 total→ Common Stock (24,277 underlying)
Footnotes (4)
- [F1]On March 1, 2026, Super Group (SGHC) Limited (the "Issuer") granted 96,900 restricted stock units ("RSUs") to Mr. Menashe, 32,300 of which has been settled into common stock on March 31, 2026. The remaining RSUs will vest in two equal annual installments on March 31, 2027, and March 31, 2028. Upon vesting, the RSUs will be settled on a one-for-one basis in shares of the Issuer's common stock or the cash value thereof, at the election of the Issuer.
- [F2]On March 1, 2026, the Issuer granted 326,130 restricted stock units to Mr. Menashe, 108,710 of which has been settled into common stock on March 31, 2026. The remaining RSUs will vest in two equal annual installments on March 31, 2027, and March 31, 2028. Upon vesting, the RSUs will be settled on a one-for-one basis in shares of the Issuer's common stock or the cash value thereof, at the election of the Issuer.
- [F3]On March 1, 2025, the Issuer granted 48,554 RSUs to Mr. Menashe, 24,277 of which have been settled into common stock on March 31, 2026. The remaining RSUs will vest on March 31, 2027. Upon vesting, the RSUs will be settled on a one-for-one basis in shares of the Issuer's common stock or the cash value thereof, at the election of the Issuer.
- [F4]Mr. Menashe sold 78,530 shares of the Issuer's common stock upon the partial vesting of RSUs granted to him on March 31, 2026, solely to satisfy tax withholding obligations incurred upon vesting.