Form 4: Super Micro Computer Director Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Director Daniel W. Fairfax sold 300 shares of Super Micro Computer (SMCI) stock at a price of $881.88 per share on March 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 1, 2024, Daniel W. Fairfax, a director of Super Micro Computer, Inc. (SMCI), sold 300 shares of common stock.
- The sale was executed at a price of $881.88 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 30, 2023.
- Following the transaction, Fairfax directly owns 19,787 shares of SMCI common stock.
Sentiment
Score: 5
Explanation: The document is neutral as it reports a routine transaction under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by company directors are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the director is selling shares in a pre-planned manner to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2023/08/30 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| 2024/03/01 | Date of the transaction (sale of shares) |
| 2024/03/05 | Date of signature for the Form 4 filing |
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