COO of Microchip (NASDAQ: MCHP) sells 5,000 shares held in trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Microchip Technology’s chief operating officer, Richard J. Simoncic, reported an open-market sale of company stock held through a trust. The trust sold 5,000 shares of common stock on June 4, 2026 at an average price of $97.515 per share. After this transaction, the trust’s indirect holdings related to Simoncic totaled 130,508 shares, indicating the sale represented a small portion of the reported indirect position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($487,575)
Net Sell
1 txn
Insider
Simoncic Richard J
Role
CHIEF OPERATING OFFICER
Sold
5,000 shs ($488K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $97.515 | $488K |
Holdings After Transaction:
Common Stock — 130,508 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (1)
Key Figures
Shares sold: 5,000 shares
Sale price per share: $97.515 per share
Shares remaining indirectly owned: 130,508 shares
+1 more
4 metrics
Shares sold
5,000 shares
Open-market sale of common stock on June 4, 2026
Sale price per share
$97.515 per share
Average price for the 5,000 shares sold
Shares remaining indirectly owned
130,508 shares
Indirect holdings through a trust after the transaction
Net share change
-5,000 shares
Net-sell direction from transaction summary
Key Terms
open-market sale, indirect ownership, Form 4, transaction code "S"
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect: "I" and nature_of_ownership: "Shares held Indirectly, by Trust.""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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.
transaction code "S" regulatory
"transaction_code: "S" and description "Sale in open market or private transaction""