Form 4: Super Micro Computer Director Daniel W. Fairfax Sells 300 Shares
SEC Form 4 Filing
Director Daniel W. Fairfax sold 300 shares of Super Micro Computer (SMCI) on June 3, 2024, at a price of $802 per share, according to a Form 4 filing.
Summary
- On June 3, 2024, Daniel W. Fairfax, a director of Super Micro Computer, Inc. (SMCI), sold 300 shares of common stock at a price of $802 per share.
- The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 30, 2023.
- Following the transaction, Fairfax directly owns 18,887 shares of SMCI common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale, but is unlikely to have a significant impact given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| August 30, 2023 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| June 03, 2024 | Date of the transaction (stock sale) |
| June 05, 2024 | Date of signature for the Form 4 filing |
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