Microchip (MCHP) CEO Steve Sanghi logs 94,869-share sale under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Microchip Technology President, CEO and Chair Steve Sanghi reported an open-market sale of 94,869 shares of common stock on February 12, 2026 at an average price of $82.4631 per share. The transaction was executed under a pre-established Rule 10b5-1 trading plan adopted on June 6, 2025.
Following this sale, Sanghi is reported as indirectly beneficially owning 9,827,450 Microchip shares, held through The Sanghi Trust and The Sanghi Family Limited Partnership. These holdings reflect his ongoing indirect equity interest in the company he leads.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 94,869 shares ($7,823,192)
Net Sell
1 txn
Insider
Sanghi Steve
Role
President, CEO and Chair of Bd
Sold
94,869 shs ($7.82M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 94,869 | $82.4631 | $7.82M |
Holdings After Transaction:
Common Stock — 9,827,450 shares (Indirect, Shares held Indirectly, by Trust and by Family Limited Partnership.)
Footnotes (1)
- 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. Of the 9,827,450 shares held, 3,921,578 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
FAQ
What insider transaction did MCHP CEO Steve Sanghi report on this Form 4?
Steve Sanghi reported an open-market sale of 94,869 shares of Microchip common stock. The sale occurred on February 12, 2026 at an average price of $82.4631 per share, as disclosed in the Form 4 filing.
Was the MCHP insider stock sale by Steve Sanghi under a 10b5-1 trading plan?
Yes. The filing states the sales were executed under a Rule 10b5-1 trading plan. This plan was adopted by the reporting person on June 6, 2025, allowing pre-arranged trading independent of day-to-day market developments.
At what price did the MCHP CEO’s Form 4 transaction occur?
The reported transaction price was an average of $82.4631 per share for Microchip common stock. This reflects the weighted average sale price for the 94,869 shares sold on February 12, 2026, as disclosed in the Form 4.
Are Steve Sanghi’s MCHP holdings direct or indirect after this transaction?
The filing describes Sanghi’s 9,827,450 shares as indirectly held. Specifically, 3,921,578 shares are held by The Sanghi Trust and 5,905,872 shares are held by The Sanghi Family Limited Partnership, indicating ownership through affiliated entities.
What roles does Steve Sanghi have at Microchip Technology (MCHP)?
Steve Sanghi is identified as a director and an officer of Microchip Technology. His officer title is listed as President, CEO and Chair of the Board, highlighting his senior leadership and governance roles at the company.