TechTarget (TTGT) CRO Steven Niemiec Sells 21,427 Shares

What Happened

• Steven Niemiec, Chief Revenue Officer of TechTarget (TTGT), disposed of 21,427 shares on 2026-08-28 in an open-market sale, reported on a Form 4 filed 2026-09-01. The aggregated proceeds are about $82,485 (average price reported $3.85 per share; individual trades ranged $3.8101–$3.85). This was a sale (routine liquidity event), not a purchase.

Key Details

• Transaction date: August 28, 2026
• Price(s): Average $3.85; range $3.8101 to $3.85 (see footnote)
• Shares sold/disposed: 21,427; Proceeds ≈ $82,485
• Shares owned after transaction: Not specified in the provided Form 4 summary
• Footnotes of note:
  • F1: This was a "sell to cover" to satisfy withholding taxes on restricted stock units that vested (previously reported on Form 4 filed Aug 17, 2026). The filing states this sell-to-cover was not a discretionary trade by the reporting person.
  • F2: The reported price is an average; the filer can provide per-trade prices on request.
• Filing: Form 4 was filed Sept 1, 2026, reporting the Aug 28 transaction.

Context

• "Sell-to-cover" transactions are common when RSUs vest: shares are sold to pay required taxes and typically do not indicate the insider's view on the company's stock. This transaction reflects tax withholding (code F) rather than a deliberate market-timing sale.