Allegro MicroSystems (ALGM) SVP Madormo sells 5,000 shares, holds 69,687
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Allegro MicroSystems SVP Richard Madormo sold 5,000 shares of Common Stock in an open-market transaction at $52.72 per share. After this sale, he directly holds 69,687 Allegro MicroSystems shares, indicating a partial reduction of his position while retaining a substantial remaining stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($263,600)
Net Sell
1 txn
Insider
Madormo Richard
Role
SVP, Worldwide Sales
Sold
5,000 shs ($264K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $52.72 | $264K |
Holdings After Transaction:
Common Stock — 69,687 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 5,000 shares
Sale price per share: $52.72 per share
Shares held after transaction: 69,687 shares
+1 more
4 metrics
Shares sold
5,000 shares
Open-market sale of Common Stock on 2026-06-03
Sale price per share
$52.72 per share
Price for 5,000-share open-market sale
Shares held after transaction
69,687 shares
Direct ownership following the 5,000-share sale
Net shares sold
5,000 shares
Net-sell direction from transactionSummary
Key Terms
open-market sale, Common Stock, transaction code "S", net-sell
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
transaction code "S" regulatory
"transaction_code: "S" indicating a sale"
net-sell financial
"netBuySellDirection: "net-sell""
FAQ
What insider transaction did ALGM executive Richard Madormo report?
Richard Madormo reported selling 5,000 shares of Allegro MicroSystems Common Stock. The transaction was an open-market sale at $52.72 per share, reflecting a modest reduction in his direct ownership while he continues to hold a sizable remaining stake.
Was the ALGM insider transaction by Richard Madormo a buy or a sell?
The transaction was a sell. Richard Madormo executed an open-market sale of 5,000 Allegro MicroSystems Common Stock shares, as indicated by transaction code “S” and the transaction_direction field labeled “sell” in the reported data.
Does the ALGM Form 4 for Richard Madormo involve derivative securities?
No, the reported transaction involves only non-derivative Common Stock. The derivativeSummary section shows no derivative transactions, indicating this Form 4 solely covers a direct open-market sale of common shares, not options or other derivative exercises.