Monolithic Power (NASDAQ: MPWR) EVP shifts 3,126 shares via family trust gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MONOLITHIC POWER SYSTEMS INC executive Maurice Sciammas reported intra-family gifts of company common stock. On 2026-05-13, entities associated with him made two bona fide gift transfers totaling 3,126 shares, with 1,563 shares moved in each transaction.
The shares were transferred between three GRATs and the Sciammas Family Trust, all of which list him as a trustee. Footnotes state no funds were exchanged and no sale of shares occurred, meaning these are non-market, non-cash movements of existing holdings.
After these transfers, the Sciammas Family Trust held 51,023 shares and various Sciammas GRATs held 25,097 shares. Separately, Sciammas is shown with 178,644 shares held directly, plus additional indirect positions through several other family trusts and accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,126 shares gifted
Mixed
12 txns
Insider
Sciammas Maurice
Role
EVP, WW Sales & Marketing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,563 | $0.00 | -- |
| Gift | Common Stock | 1,563 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,097 shares (Indirect, Various Sciammas GRATs);
Common Stock — 178,644 shares (Direct, null)
Footnotes (1)
- 1,563 shares were transferred from three GRATs, of which the reporting person is a Trustee, to the Sciammas Family Trust, of which the reporting person is a Trustee. No funds were exchanged, and no sale of shares occurred in the transfer. 1,563 shares were received by the Sciammas Family Trust, of which the reporting person is a Trustee, and transferred from three GRATs, of which the reporting person is a Trustee. No funds were exchanged and no sale of shares occurred in the transfer.
Key Figures
Total shares gifted: 3,126 shares
Shares per gift transaction: 1,563 shares
Sciammas Family Trust holdings: 51,023 shares
+4 more
7 metrics
Total shares gifted
3,126 shares
Two bona fide gifts on 2026-05-13
Shares per gift transaction
1,563 shares
Each of two gift transfers
Sciammas Family Trust holdings
51,023 shares
Total shares following transaction
Various Sciammas GRATs holdings
25,097 shares
Total shares following transaction
Direct holdings
178,644 shares
Common stock held directly after transactions
Gift transactions count
2 transactions
Bona fide gifts in this Form 4
Holding entries
10 entries
Non-transactional ownership records
Key Terms
bona fide gift, GRATs, Sciammas Family Trust, indirect ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
GRATs financial
"transferred from three GRATs, of which the reporting person is a Trustee"
Sciammas Family Trust financial
"to the Sciammas Family Trust, of which the reporting person is a Trustee"
indirect ownership financial
""ownership_type": "indirect""
Trustee financial
"of which the reporting person is a Trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What did MPWR executive Maurice Sciammas report in this Form 4?
Maurice Sciammas reported intra-family movements of MONOLITHIC POWER SYSTEMS INC common stock. Two bona fide gift transactions shifted existing shares between family trusts and GRATs, with no cash changing hands and no market sale involved.
What are Sciammas’s direct holdings in MONOLITHIC POWER SYSTEMS after these transactions?
The Form 4 shows 178,644 MPWR common shares held directly after the reported transactions. This direct position is separate from additional indirect holdings through family trusts, GRATs, and related accounts listed in the filing tables.
What does ‘bona fide gift’ mean in this MPWR Form 4 filing?
A bona fide gift is a transfer of shares without payment, typically for estate or family planning. In this filing, shares moved between GRATs and the Sciammas Family Trust with no funds exchanged and no market sale, as the footnotes clearly state.