WEIGAND DAVID E 4
Research Summary
AI-generated summary
Super Micro (SMCI) CFO David Weigand Exercises RSUs; Shares Withheld
What Happened
David E. Weigand, CFO of Super Micro Computer, converted restricted stock units (RSUs) into 4,150 shares on February 10, 2026. To satisfy tax withholding, 1,709 shares were withheld (1,100 at $33.33 for $36,663 and 609 at $33.33 for $20,298), totaling $56,961. After withholding, Weigand received a net 2,441 shares. These transactions reflect RSU settlement rather than an open-market purchase or sale.
Key Details
- Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely filing).
- Conversions/settlements: 2,670 RSUs and 1,480 RSUs converted (total 4,150 shares).
- Withholding (not market sales): 1,100 shares withheld at $33.33 = $36,663; 609 shares withheld at $33.33 = $20,298; total withheld value = $56,961.
- Net shares received: 4,150 − 1,709 = 2,441 shares added to holdings.
- Footnotes: F1–F4 state these are RSUs (1 share per unit) with specified vesting schedules; F2 clarifies withheld shares were retained by SMCI to satisfy tax obligations and were not open-market sales (exempt under Rule 16b-3(e)).
- Shares owned after transaction: the filing does not state total beneficial ownership after these transactions; net increase was 2,441 shares.
Context
These entries are derivative/RSU settlements (transaction code M) with tax-withholding share retention (code F). Withholding of shares to cover taxes is a routine, non-market transaction and should not be read as a discretionary sale. No 10% owner activity or 10b5-1 plan is indicated in the filing.