Malyala Vikranth 4
Research Summary
AI-generated summary
SMCI SVP Vikranth Malyala Exercises RSUs; 3,939 Shares Withheld
What Happened
Malyala Vikranth, Senior VP and Chief Business Officer of Super Micro Computer, exercised/converted 7,740 restricted stock units (RSUs) that vested on July 1, 2026. The RSUs were settled into shares (exercise/conversion at $0.00), and the company withheld 3,939 shares to satisfy tax-withholding obligations at $27.65 per share (total withheld value $108,914). After withholding, the reporting person received approximately 3,801 shares. The Form 4 was filed on July 2, 2026 (reporting the July 1 transactions).
Key Details
- Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely reporting).
- What occurred: conversion/settlement of RSUs (transaction code M) and share withholding to cover taxes (code F).
- Shares exercised/converted (vested): 7,740 RSUs settled into common shares.
- Shares withheld for taxes: 3,939 shares at $27.65 per share = $108,914 withheld.
- Net shares delivered to insider: ~3,801 shares (7,740 − 3,939).
- Exercise/conversion reported at $0.00 per share (RSUs have no exercise price).
- Shares owned after the transaction: not disclosed in the provided filing data.
- Footnotes: F1–F6 clarify RSUs convert 1-for-1 to common stock and describe vesting schedules; F2 notes the withholding is a company tax remittance (not a market sale) and is exempt from Section 16(b) under Rule 16b-3(e).
Context
This was a routine vesting/settlement of RSUs, not an open-market sale or purchase. The company withheld shares to satisfy tax obligations (a common administrative action) rather than the insider selling shares in the market. Based on the $27.65 withholding price, the gross value of the vested shares was roughly $214,011 and the net value after withholding was about $105,098.