Planned insider sale of 18,509 shares at MCHP (NASDAQ: MCHP)
Rhea-AI Filing Summary
An insider of the issuer has filed a notice of proposed sale under Rule 144 for 18,509 shares of common stock. The planned sale is to be executed through Fidelity Brokerage Services LLC on the NASDAQ, with an aggregate market value of 1,465,883.19 based on the filer’s disclosure. The shares are part of a larger base of 540,446,834 common shares outstanding at the issuer.
The securities to be sold were acquired on 11/15/2024 through an RSU vesting from the issuer, in the same amount of 18,509 shares, with the payment date also on 11/15/2024. The approximate date of sale listed in the notice is 01/22/2026, and the form includes the standard representation that the seller does not know of undisclosed material adverse information about the issuer’s current or prospective operations.
Positive
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Negative
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FAQ
What does the Form 144 filing for MCHP disclose about the planned sale?
The Form 144 discloses that an insider plans to sell 18,509 shares of common stock of the issuer. The sale is to be carried out through Fidelity Brokerage Services LLC on the NASDAQ, with an aggregate market value of 1,465,883.19 as stated in the filing.
How many MCHP shares are outstanding compared with the Form 144 sale?
The filing reports that there are 540,446,834 shares of common stock outstanding. The planned Rule 144 sale covers 18,509 shares, which is a small portion of the total shares outstanding.
When were the MCHP shares in this Form 144 acquired and how?
The securities to be sold were acquired on 11/15/2024 through an RSU vesting from the issuer. On that date, 18,509 shares were acquired, with the date of payment also listed as 11/15/2024.
What is the approximate date of sale for the MCHP shares in this Form 144?
The Form 144 indicates an approximate date of sale of 01/22/2026 for the 18,509 common shares to be sold through Fidelity Brokerage Services LLC on the NASDAQ.
What representation does the insider make in this MCHP Form 144 notice?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information regarding the issuer’s current or prospective operations that has not been publicly disclosed, consistent with Rule 144 requirements.
How were the payment terms described for the MCHP shares to be sold under Form 144?
For the 18,509 common shares acquired via RSU vesting on 11/15/2024, the nature of payment is listed as "N/A", reflecting that the acquisition was through a vested restricted stock unit rather than a cash purchase at the time of acquisition.