Cheung Kenneth 4

What Happened

• Kenneth Cheung, Senior Vice President and Chief Accounting Officer of Super Micro Computer, converted restricted stock units (derivative exercise) on May 10, 2026. A total of 2,500 RSUs were converted into common shares.
• To cover tax withholding related to the net settlement, SMCI withheld 449 shares at $35.37 per share, totaling $15,881. After withholding, Cheung received a net 2,051 shares (2,500 converted minus 449 withheld). This was a net settlement of vested RSUs, not an open-market sale.

Key Details

• Transaction date: May 10, 2026; Form 4 filed May 12, 2026 (timely filing).
• Converted (M): 2,500 restricted stock units into shares (two 1,250-unit entries in the filing).
• Tax withholding (F): 449 shares withheld at $35.37/share for $15,881 (not a market sale; company withholding).
• Net shares issued to insider: 2,051 (2,500 − 449).
• Footnotes: F1–F3 indicate these were restricted stock units (1 RSU = 1 share), withheld shares were used to satisfy tax obligations and the RSUs vest per the stated service schedule; withholding is exempt from Section 16(b) under Rule 16b-3(e).
• Shares owned after transaction: not specified in the filing.

Context

• This was a conversion/settlement of RSUs (derivative exercise), with a partial share-withholding to satisfy tax liabilities — a routine administrative step rather than a market sale or purchase signal.
• Withheld shares were remitted by the company (not sold in the open market), so the $15,881 represents tax withholding value, not proceeds to the insider.