Microchip Technology (MCHP) COO logs open-market sale of 5,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Microchip Technology chief operating officer Richard J. Simoncic reported an indirect open-market sale of 5,000 shares of Common Stock held by a trust on May 22, 2026, at an average price of $93.435 per share. After this transaction, his reported indirect holdings were 135,508 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($467,175)
Net Sell
1 txn
Insider
Simoncic Richard J
Role
CHIEF OPERATING OFFICER
Sold
5,000 shs ($467K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $93.435 | $467K |
Holdings After Transaction:
Common Stock — 135,508 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (1)
Key Figures
Shares sold: 5,000 shares
Sale price: $93.435 per share
Shares held after transaction: 135,508 shares
3 metrics
Shares sold
5,000 shares
Open-market sale on May 22, 2026
Sale price
$93.435 per share
Average price for the 5,000 shares sold
Shares held after transaction
135,508 shares
Indirect holdings by trust following the sale
Key Terms
open-market sale, indirect ownership, Common Stock
3 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", "nature_of_ownership": "Shares held Indirectly, by Trust.""
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.
FAQ
What insider transaction did MICROCHIP TECHNOLOGY INC (MCHP) report for Richard J. Simoncic?
MICROCHIP TECHNOLOGY INC reported that COO Richard J. Simoncic was involved in an indirect open-market sale of 5,000 shares of Common Stock. The shares were held by a trust and sold on May 22, 2026, according to the Form 4.
Was the MCHP insider transaction by Richard J. Simoncic direct or indirect?
The transaction was reported as an indirect transaction. The 5,000 shares of Microchip Technology Common Stock were held by a trust, with the Form 4 indicating the ownership type as indirect through that trust arrangement.
What type of transaction did the MCHP Form 4 classify for Richard J. Simoncic?
The Form 4 classified the event as an open-market sale of Common Stock. It used transaction code “S” and described it as a sale in an open market or private transaction, with 5,000 shares sold at $93.435 per share.