Cheung Kenneth 4
4 · Super Micro Computer, Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Super Micro (SMCI) SVP Kenneth Cheung Exercises RSUs; 515 Shares Withheld
What Happened
Kenneth Cheung, Senior Vice President and Chief Accounting Officer of Super Micro Computer, had 1,250 restricted stock units (RSUs) convert into shares on February 10, 2026. Of those shares, 515 were withheld by the company to satisfy tax withholding obligations at a reported per-share withholding value of $33.33, equal to $17,165. The net shares issued to Cheung were 735 (1,250 less 515). The filing shows the RSU conversion (derivative exercise/conversion) and the tax-withholding disposition.
Key Details
- Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (filed within the standard 2‑business‑day window).
- Conversion: 1,250 RSUs converted to 1,250 shares (derivative exercise/conversion, code M).
- Withholding: 515 shares withheld for tax payment (code F) at $33.33 per share = $17,165. This withholding was not an open-market sale.
- Net shares received: 735 shares.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1–F3 note that each RSU represents the right to one share, vested RSUs are settled in shares, and the withholding was performed by SMCI to satisfy tax obligations and is exempt from Section 16(b) under Rule 16b‑3(e).
Context
This was a routine RSU vesting and company tax-withholding (a net or “cashless” settlement), not an open-market sale or purchase. Such withholdings are administrative and do not necessarily signal trading intent; purchases would generally be a clearer bullish indicator.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-10+1,250→ 57,722 total - Tax Payment
Common Stock
[F2]2026-02-10$33.33/sh−515$17,165→ 57,207 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-10−1,250→ 7,500 total→ Common Stock (1,250 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of SMCI common stock.
- [F2]Represents shares of SMCI common stock that have been withheld by SMCI to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-3(e) promulgated under the Act.
- [F3]Subject to the Reporting Person's continued service to SMCI, the restricted stock units vest at the rate of 25% of the total number of units on August 10, 2024 and 1/16th at the end of each successive calendar quarter thereafter. Vested units are settled in shares of SMCI common stock.