Xiao Jin 4
Research Summary
AI-generated summary
Super Micro (SMCI) Xiao Jin Receives RSU Vesting; Shares Withheld
What Happened
- Xiao Jin, Senior Corporate VP of Engineering at Super Micro Computer, had restricted stock units (RSUs) vest on May 10, 2026. The filing shows conversion/exercise of a total of 6,068 RSU-derived shares (1,970 + 4,098).
- To satisfy tax withholding, SMCI withheld 707 and 1,471 shares (total 2,178) at an indicated value of $35.37 per share, totaling $25,007 and $52,029 (combined ~$77,036). After withholding, the reporting entries imply a net increase of about 3,890 shares to Xiao Jin’s holdings.
Key Details
- Transaction date: May 10, 2026; Form 4 filed May 12, 2026 (appears timely).
- Reported entries: converted/exercised RSU derivatives (6,068 shares total); tax withholding (F) of 707 and 1,471 shares at $35.37 each ($25,007 and $52,029).
- Net shares received (based on entries): 6,068 vested − 2,178 withheld = ~3,890 net shares added.
- Footnotes: F1/F3/F4 indicate these were restricted stock units that vest by service schedule and settle in common stock; F2 notes the withheld shares were remitted by the company to cover tax obligations (not an open-market sale) and are exempt from Section 16(b) under Rule 16b-3(e).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
Context
- This was a vesting/settlement of RSUs, not an open-market purchase or discretionary sale. The withholding is a standard tax-remittance/net-settlement procedure and does not necessarily reflect a decision to sell shares in the market.
- For retail investors, RSU vestings increase insider shareholdings (after withholding) and are routine compensation events; they are different from purchases (which can be bullish signals) or outright sales.