TechTarget (TTGT) VP General Counsel Rennick Receives RSUs, Sells 4,146 Shares

What Happened
Charles D. Rennick, Vice President, General Counsel and Corporate Secretary of TechTarget (TTGT), had 9,421 restricted stock units (RSUs) vest on Sept. 22, 2026. The RSUs converted into common shares (a derivative conversion/exercise with no cash purchase price). On Sept. 23, 2026 he sold 4,146 of those shares in an open-market sell-to-cover transaction for about $15,506 (avg. price ~$3.74), to satisfy withholding taxes. The remaining shares from this vesting tranche are approximately 5,275.

Key Details

• Transaction dates: RSU vesting/conversion on 2026-09-22; open-market sale on 2026-09-23; Form 4 filed 2026-09-24 (appears timely).
• Shares: 9,421 RSUs vested and converted to shares; 4,146 shares sold at an average price of ~$3.74 (proceeds ~$15,506); ~5,275 shares retained from this vesting. Total post-transaction holdings across all company shares not disclosed in this filing.
• Footnotes of note:
  • F1–F2: These were RSUs (each RSU = one share) delivered on the scheduled vesting date.
  • F3: The sale was a "sell-to-cover" to satisfy tax withholding and was not a discretionary trading decision.
  • F4: Reported sale price is an average; prices ranged $3.74–$3.7473.
  • F5: This award was granted 9/22/2025; additional tranches of 9,421 and 9,420 RSUs vest in 2027 and 2028 respectively.
• Filing timeliness: Form 4 was filed two days after the vesting date (9/24 for 9/22 transactions), which is within the standard two-business-day reporting window.

Context
This was an RSU vesting and partial sell-to-cover for tax withholding, not an open-market investment decision. RSU deliveries and sell-to-cover transactions are common for insiders when awards vest; purchases would generally be interpreted as a stronger bullish signal than routine sales to cover taxes.