Super Micro (SMCI) SVP Kenneth Cheung Exercises RSUs, Shares Withheld

What Happened Kenneth Cheung, SVP and Chief Accounting Officer of Super Micro Computer, had restricted stock units (RSUs) vest on August 10, 2026. A total of 4,679 RSUs converted into shares (1,250 + 3,429). To cover tax withholding on the net settlement, the company withheld 1,680 shares (449 + 1,231) at $31.46 per share, generating withholding proceeds of $14,126 and $38,727 (total $52,853). The net shares delivered to Cheung were 2,999 (4,679 gross − 1,680 withheld). The Form 4 was filed August 12, 2026.

Key Details

• Transaction date(s): August 10, 2026; Form 4 filed August 12, 2026 (timely).
• What occurred: Conversion/settlement of RSUs (reported as derivative exercise/conversion, code M) with shares withheld for tax (code F).
• Shares involved: 4,679 RSUs vested → 4,679 shares issued; 1,680 shares withheld for taxes; 2,999 net shares delivered.
• Withholding price/value: $31.46 per share; withheld shares generated $14,126 and $38,727 (total $52,853).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes: F1 = each RSU equals one share; F2 = shares withheld by SMCI to satisfy tax obligations (net settlement, not an open-market sale; exempt under Rule 16b‑3(e)); F3/F4 = vesting schedules for the RSU grants.

Context These transactions reflect vested RSUs being converted into common stock with net settlement (company withholding shares for taxes), not open-market sales. The tax-withholding entries are administrative and exempt from Section 16(b) short-swing profit rules per the filing; they do not necessarily indicate a change in insider sentiment.