Microchip (NASDAQ: MCHP) insider holds 9.4M shares after RSU exercise
Rhea-AI Filing Summary
MICROCHIP TECHNOLOGY INC (MCHP) reported an insider equity transaction by President, CEO and Chair of the Board Steve Sanghi. On August 15, 2026, Sanghi exercised 28,853 restricted stock units, converting them into an equal number of shares of common stock at an exercise price of $80.26 per share. Of these shares, 11,931 were delivered or withheld to cover the exercise price or tax liability, with the remaining shares held indirectly through a trust and a family limited partnership. Following these transactions, Sanghi’s remaining restricted stock unit balance was 57,708 units, and his indirect common stock holdings referenced in the footnotes were about 9.4 million shares across The Sanghi Trust and The Sanghi Family Limited Partnership.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 16,922 shares
Net Buy
3 txns
Insider
Sanghi Steve
Role
President, CEO and Chair of Bd
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3 | 28,853 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 28,853 | $80.26 | $2.32M |
| Exercise Price or Tax Liability | Common Stock F2 | 11,931 | $80.26 | $958K |
Holdings After Transaction:
Restricted Stock Units — 57,708 shares (Direct);
Common Stock — 9,435,057 shares (Indirect, Shares held Indirectly, by Trust and by Family Limited Partnership.)
Footnotes (3)
- F1. Of the 9,446,988 shares held, 3,541,116 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
- F2. Of the 9,435,057 shares held, 3,529,185 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
- F3. The restricted stock units will vest in two equal quarterly installments of 28,853 shares on May 15, 2026 and August 15, 2025, and two equal quarterly installments of 28,854 shares on November 15, 2026 and February 15, 2027, as long as the individual remains a service provider through the vesting date(s). Vested shares were delivered to the Reporting Person upon vest.
Key Figures
RSUs Exercised: 28,853 shares
Exercise Price: $80.26 per share
Shares Delivered/Withheld: 11,931 shares
+3 more
6 metrics
RSUs Exercised
28,853 shares
Restricted stock units converted into common stock on August 15, 2026
Exercise Price
$80.26 per share
Exercise or conversion price for 28,853 restricted stock units
Shares Delivered/Withheld
11,931 shares
Common shares delivered or withheld for exercise price or tax liability (code F)
RSUs Remaining
57,708 units
Restricted stock units reported as held following the derivative transaction
Indirect Holdings (earlier balance)
9,446,988 shares
Indirect common stock holdings via The Sanghi Trust and The Sanghi Family Limited Partnership
Indirect Holdings (updated balance)
9,435,057 shares
Subsequent indirect common stock holdings after the F-code disposition
Key Terms
Restricted Stock Units, Family Limited Partnership, Payment of exercise price or tax liability
3 terms
Restricted Stock Units financial
"The restricted stock units will vest in two equal quarterly installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Family Limited Partnership financial
"shares were held by The Sanghi Family Limited Partnership"
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What insider transaction did Steve Sanghi report in this Form 4 for MCHP?
Steve Sanghi reported exercising 28,853 restricted stock units into common stock of Microchip Technology Inc at an exercise price of $80.26 per share. Part of the resulting shares was delivered or withheld to cover the exercise price or related tax liability.
How many Microchip (MCHP) RSUs did Sanghi exercise and at what price?
Sanghi exercised 28,853 restricted stock units of Microchip Technology Inc at an exercise price of $80.26 per share. These RSUs converted into an equal number of common shares, with a portion used to satisfy the exercise price or tax obligations.
What are Steve Sanghi’s indirect holdings in MCHP after these transactions?
Following the reported transactions, footnotes state indirect holdings of 9,446,988 shares and then 9,435,057 shares of Microchip common stock. These are held through The Sanghi Trust and The Sanghi Family Limited Partnership, reflecting updated post-transaction balances.
How many Microchip (MCHP) restricted stock units does Sanghi still hold?
After the August 15, 2026 exercise, Sanghi’s remaining restricted stock unit balance is shown as 57,708 units. Footnotes add that these RSUs are scheduled to vest in four quarterly installments between 2025 and 2027, subject to continued service.
Were Steve Sanghi’s MCHP transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote describes a trading plan. Based on this disclosure, the reported RSU exercise and related share deliveries are not identified as plan-based transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
