Cheung Kenneth 4

What Happened
Kenneth Cheung, Senior Vice President and Chief Accounting Officer of Super Micro Computer, had 2,250 restricted stock units (RSUs) vest on February 17, 2026 and those RSUs were converted into common shares (derivative conversion). Of the 2,250 shares, 927 shares were withheld by the company to cover tax withholding at $30.11 per share (value withheld $27,912). The RSUs have no exercise price (cashless conversion), so Cheung received a net 1,323 shares.

Key Details

• Transaction date: February 17, 2026; Form filed February 19, 2026 (timely).
• Vesting/conversion: 2,250 RSUs converted to 2,250 shares (transaction code M — exercise/conversion of derivative).
• Tax withholding: 927 shares withheld at $30.11/share, total $27,912 (transaction code F). Withholding was a company share-withhold to satisfy tax obligations — not an open-market sale.
• Net shares delivered to insider: 1,323 shares.
• Footnotes: F1–F3 state that each RSU converts to one share, withholding was to satisfy tax obligations and exempt from Section 16(b) under Rule 16b-3(e), and the RSUs vest in two equal tranches (Feb 17, 2026 and Aug 17, 2026).
• Shares owned after the transaction: not specified in the filing.

Context
This was a standard RSU vesting and net-share settlement (cashless) transaction — the derivative code M indicates conversion/settlement of an award, and the F code reflects share withholding for taxes. The withheld shares are not an open-market sale and therefore are generally viewed as a routine administrative step to cover tax liabilities rather than a directional insider trade.