Malyala Vikranth 4
Research Summary
AI-generated summary
Super Micro (SMCI) SVP Malyala Vikranth Receives RSUs, Exercises Derivative
What Happened
- Malyala Vikranth, Senior Vice President and Chief Business Officer of Super Micro Computer, Inc. (SMCI), received a grant of 15,000 restricted stock units (RSUs) and had related derivative conversion/exercise activity on June 17, 2026. The filing shows conversion/exercise entries for 7,500 shares (acquired) and 7,500 shares (disposed as derivative), and the company withheld 2,825 shares to satisfy tax withholding obligations, representing $78,479.
Key Details
- Transaction date: June 17, 2026; Form 4 filed June 22, 2026 (filed after the transaction date).
- Awards: 15,000 RSUs granted (reported as derivative securities, $0.00 per share).
- Conversion/exercise: records show 7,500 shares acquired via exercise/conversion and 7,500 shares disposed (derivative-related entries).
- Tax withholding: 2,825 shares were withheld by the company at $27.78 per share to cover taxes, totaling $78,479. This withholding was not an open-market sale (company withholding) and is exempt from Section 16(b) under Rule 16b-3(e), per the filing.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes: F1 notes each RSU converts to one share on settlement; F3 states the RSUs vest in two equal tranches (June 17, 2026 and Dec 17, 2026) and vested units are settled in shares.
Context
- This activity primarily reflects award vesting/settlement and routine tax withholding rather than an open-market purchase or sale. For RSU settlements, it’s common for companies to withhold shares to meet tax obligations; such withholding is a tax-payment mechanism and not necessarily an indicator of sentiment. The Form 4 was filed five days after the transaction date, which may be later than the standard 2-business-day reporting window for insiders.