Microchip (MCHP) CEO Sanghi sells 18,509 shares under 10b5-1 plan
Rhea-AI Filing Summary
Microchip Technology Inc. insider activity: President, CEO and Chair of the Board Steve Sanghi reported an indirect sale of 18,509 shares of Microchip Technology common stock at an average price of $79.1984 per share on January 22, 2026. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 6, 2025, which is designed to allow scheduled sales over time. Following this sale, a total of 10,021,133 shares were reported as indirectly held through The Sanghi Trust and The Sanghi Family Limited Partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,509 shares
Net Sell
1 txn
Insider
Sanghi Steve
Role
President, CEO and Chair of Bd
Sold
18,509 shs ($1.47M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,509 | $79.1984 | $1.47M |
Holdings After Transaction:
Common Stock — 10,021,133 shares (Indirect, Shares held Indirectly, by Trust and by Family Limited Partnership.)
Footnotes (2)
- F1. The sale(s) reported in this Form 4 was/were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting Person on June 6, 2025.
- F2. Of the 10,021,133 shares held, 4,115,261 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
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FAQ
What insider transaction did MCHP report in this Form 4?
The filing reports an indirect sale of 18,509 shares of Microchip Technology common stock at $79.1984 per share on January 22, 2026.
Who is the reporting person in the MCHP Form 4 and what is their role?
The reporting person is Steve Sanghi, who is listed as a Director and as President, CEO and Chair of the Board of Microchip Technology Inc.
Was the MCHP insider sale part of a trading plan?
Yes. The sale was effected under a Rule 10b5-1 trading plan that the reporting person adopted on June 6, 2025.
Is the MCHP Form 4 transaction a direct or indirect ownership change?
The transaction involves indirect ownership, with the shares held through a trust and a family limited partnership, as noted in the filing.