WEIGAND DAVID E 4
Research Summary
AI-generated summary
Super Micro (SMCI) CFO David Weigand Vests RSUs, Exercises Derivatives
What Happened
- David E. Weigand, Chief Financial Officer of Super Micro Computer, vested a tranche of 10,000 restricted stock units (RSUs) on June 17, 2026. The RSUs converted into shares (derivative exercise); 1,794 of the resulting shares were withheld by the company to satisfy tax withholding obligations at $27.78 per share, totaling $49,837. The net result was approximately 8,206 shares issued to Mr. Weigand.
- The filing shows related derivative exercise/conversion entries recorded at $0 (internal settlement entries) and the tax-withholding (code F) is not a market sale but a company withholding to cover taxes.
Key Details
- Transaction date: June 17, 2026. Filing date: June 22, 2026 (filed after the typical 2-business-day Form 4 window).
- Award/grant: 10,000 RSUs granted/vested (code A, F1 & F3); RSUs vest in two equal tranches (June 17, 2026 and Dec 17, 2026) and settle in shares.
- Tax withholding: 1,794 shares withheld (code F) at $27.78/share for $49,837 (F2) — this is an internal net-settlement, not an open-market sale.
- Derivative entries: conversion/exercise of RSUs into shares recorded (codes M) with some entries showing $0 as internal settlement amounts.
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing timeliness: Filed June 22 for a June 17 transaction — appears to be submitted after the usual 2-business-day deadline.
Context
- This was primarily an award/vesting event (acquisition of shares via vested RSUs) rather than an open-market purchase or voluntary sale. The withholding of shares to cover taxes is routine and should not be interpreted as a market sale. The derivative/“exercise” entries reflect conversion of RSUs into common stock under the company’s settlement process.