On January 31, it was revealed in an SEC filing that Charles Liang, President and CEO at Super Micro Computer (NASDAQ:SMCI) executed a significant exercise of company stock options.
What Happened: Liang, President and CEO at Super Micro Computer, made a strategic move by exercising stock options for 962 shares of SMCI as detailed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $482,694.
As of Thursday morning, Super Micro Computer shares are up by 1.97%, with a current price of $540.02. This implies that Liang's 962 shares have a value of $482,694.
Delving into Super Micro Computer's Background
Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, ...