Super Micro (SMCI) Sr. VP Xiao Jin Exercises RSUs; Shares Withheld

What Happened

• Xiao Jin, Senior Corporate VP of Engineering at Super Micro Computer, had restricted stock units (RSUs) vest on August 10, 2026. A total of 2,994 RSUs converted into common shares (1,970 + 1,024). To cover tax withholding on the net settlement, the company withheld 1,075 shares (707 + 368) at $31.46 per share, generating withholding proceeds of $22,242 and $11,577 (total $33,819). After withholding, Xiao Jin received 1,919 net shares. These withholdings were not open-market sales but internal tax remittances.

Key Details

• Transaction date: 2026-08-10; Form 4 filed: 2026-08-12 (appears timely within the typical 2-business-day reporting window).
• Conversion/vesting: 2,994 RSUs converted to shares (1,970 and 1,024); per-filings the derivative conversion lines are the RSU settlement entries.
• Tax withholding: 1,075 shares withheld by SMCI (not market sales) at $31.46 — proceeds $22,242 and $11,577 (total $33,819).
• Net shares received: 1,919.
• Shares owned after transaction: Not specified in the provided filing details.
• Relevant footnotes: F1–F4 state these are RSUs (one unit = one share), vested/settled per the employee vesting schedule, and the withheld shares reflect net settlement for tax obligations (exempt from Section 16(b) as an internal withholding).

Context

• This was a vesting/net-settlement of RSUs, not a market purchase or market sale. The withheld shares were remitted to cover taxes (a routine administrative step) rather than sold on the open market, so it should not be read as a directional trade by the insider.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion), F = payment of tax liability via share withholding.