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Two Super Micro Computer executives sold millions of dollars of stock in the past week into strength, before shares of the maker of servers maker dove.
Senior Vice Presidents Sara Liu and George Kao sold Super Micro stock on Feb. 26, when shares were surging after the embattled company filed its delayed 10-K form late Feb. 25. The form, which public companies use to report annual results, detailed Super Micro’s fiscal year ended June 30, 2024. The company’s auditing firm BDO said the financial statements “present fairly, in all material respects, the financial position of the Company” for that period. Typically, such forms are filed within 90 days of the end of the period.
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