Allegro (ALGM) CEO’s trust sells 30,089 shares at $47.2349
Rhea-AI Filing Summary
ALLEGRO MICROSYSTEMS, INC. President and CEO Michael Doogue reported an indirect open-market sale of 30,089 shares of common stock on May 11, 2026 through the Michael C. Doogue Revocable Trust of 2015 at a weighted average price of $47.2349 per share.
Following the transactions, he holds 178,749 shares directly and 252,797 shares indirectly through the trust. A footnote explains that 36,800 shares were previously moved from direct to indirect ownership via the trust, reflecting a change in form of ownership rather than an additional market sale.
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Insights
CEO-related trust sells 30,089 shares, but sizable holdings remain.
Director and CEO Michael Doogue, via the Michael C. Doogue Revocable Trust of 2015, executed an open-market sale of 30,089 common shares at a weighted average price of $47.2349 on May 11, 2026. The price reflects trades between $47.20 and $47.44.
After this sale, reported holdings total 178,749 shares directly and 252,797 shares indirectly. Relative to this combined position, the sale looks routine in scale. A separate transfer of 36,800 shares from direct to the trust reflects a change in ownership form, not an additional sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,089 | $47.2349 | $1.42M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were sold at multiple prices ranging from $47.20 to $47.44. The Reporting Person undertakes to provide to Allegro MicroSystems, Inc. ("ALGM"), any security holder of ALGM, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. The number of shares beneficially owned reflects a change in the form of beneficial ownership from direct to indirect of 36,800 shares that were transferred from the Reporting Person's direct holdings to the Michael C. Doogue Revocable Trust of 2015 on May 20, 2025.