Cheung Kenneth 4

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.