Microchip (NASDAQ: MCHP) CEO sells 416,581 shares 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 416,581 shares of Common Stock at $88.5329 per share under a pre-arranged Rule 10b5-1 trading plan. After this indirect sale through a trust and a family limited partnership, he continues to hold 9,495,805 shares indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 416,581 shares ($36,881,124)
Net Sell
1 txn
Insider
Sanghi Steve
Role
President, CEO and Chair of Bd
Sold
416,581 shs ($36.88M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 416,581 | $88.5329 | $36.88M |
Holdings After Transaction:
Common Stock — 9,495,805 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. Sanghi Of the 9,495,805 shares held, 3,589,933 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
Key Figures
Shares sold: 416,581 shares
Sale price per share: $88.5329 per share
Shares held after transaction: 9,495,805 shares
+2 more
5 metrics
Shares sold
416,581 shares
Open-market sale on 2026-04-23
Sale price per share
$88.5329 per share
Price for 416,581 common shares sold
Shares held after transaction
9,495,805 shares
Indirect ownership following the sale
Trust-held shares
3,589,933 shares
Held by The Sanghi Trust as part of indirect holdings
Family partnership shares
5,905,872 shares
Held by The Sanghi Family Limited Partnership
Key Terms
Rule 10b5-1 trading plan, Form 4, Family Limited Partnership, Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale(s) reported in this Form 4 was/were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Form 4 regulatory
"The sale(s) reported in this Form 4 was/were effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Family Limited Partnership financial
"5,905,872 shares were held by The Sanghi Family Limited Partnership."
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect ownership financial
"Shares held Indirectly, by Trust and by Family Limited Partnership."
FAQ
What did Microchip (MCHP) CEO Steve Sanghi report in this Form 4?
Steve Sanghi reported an open-market sale of 416,581 Microchip common shares. The transaction was executed at an average price of $88.5329 per share under a Rule 10b5-1 trading plan, as disclosed in the filing’s transaction details and footnotes.
Are the Microchip (MCHP) CEO’s reported holdings direct or indirect after the sale?
The Form 4 identifies the post-transaction ownership as indirect. It notes shares are held by The Sanghi Trust and The Sanghi Family Limited Partnership, with the ownership code marked as indirect, reflecting holdings through these related entities rather than directly.