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[8-K] Magnachip Semiconductor Corp. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

PSTG – Form 144 filing dated 07/31/2025 discloses a proposed sale of 163,925 common shares of Pure Storage, Inc. through Morgan Stanley Smith Barney on the NYSE. At the 07/30/2025 closing price implied by the filing, the transaction is valued at ≈ $9.71 million. The shares represent roughly 0.05 % of the company’s 326.8 million shares outstanding.

The shares were originally acquired on 10 Oct 2009 as “Founders Shares.” The seller plans to rely on Rule 10b5-1 and affirms possession of no undisclosed material information.

Recent activity: trusts identified as “THE COLGROVE FAM CHARITABLE REM TR” and “THE COLGROVE FAM LIVING TR” executed five 10b5-1 trades over the past three months, selling a combined 301,251 shares for ≈ $17.28 million.

Investor take-away: The filing signals continued insider monetization but involves a small fraction of outstanding equity. While not dilutive, the size and cadence of sales could modestly pressure near-term sentiment.

PSTG – Deposito del modulo 144 datato 31/07/2025 rivela una proposta di vendita di 163.925 azioni ordinarie di Pure Storage, Inc. tramite Morgan Stanley Smith Barney alla NYSE. Al prezzo di chiusura del 30/07/2025 indicato nel deposito, la transazione ha un valore di circa 9,71 milioni di dollari. Le azioni rappresentano circa lo 0,05% delle 326,8 milioni di azioni in circolazione della società.

Le azioni sono state originariamente acquistate il 10 ottobre 2009 come “Azioni dei Fondatori”. Il venditore intende avvalersi della Regola 10b5-1 e conferma di non possedere informazioni materiali non divulgate.

Attività recente: i trust identificati come “THE COLGROVE FAM CHARITABLE REM TR” e “THE COLGROVE FAM LIVING TR” hanno effettuato cinque operazioni 10b5-1 negli ultimi tre mesi, vendendo complessivamente 301.251 azioni per un valore di circa 17,28 milioni di dollari.

Considerazioni per l’investitore: Il deposito indica una continuazione della monetizzazione da parte degli insider, ma riguarda una piccola frazione del capitale in circolazione. Pur non essendo diluitivo, la dimensione e la frequenza delle vendite potrebbero esercitare una modesta pressione sul sentiment a breve termine.

PSTG – Presentación del formulario 144 fechada el 31/07/2025 revela una propuesta de venta de 163,925 acciones ordinarias de Pure Storage, Inc. a través de Morgan Stanley Smith Barney en la NYSE. Al precio de cierre del 30/07/2025 indicado en la presentación, la transacción está valorada en aproximadamente 9,71 millones de dólares. Las acciones representan aproximadamente el 0,05% de las 326,8 millones de acciones en circulación de la compañía.

Las acciones fueron adquiridas originalmente el 10 de octubre de 2009 como “Acciones de Fundadores”. El vendedor planea acogerse a la Regla 10b5-1 y afirma no poseer información material no divulgada.

Actividad reciente: los fideicomisos identificados como “THE COLGROVE FAM CHARITABLE REM TR” y “THE COLGROVE FAM LIVING TR” realizaron cinco operaciones 10b5-1 en los últimos tres meses, vendiendo un total combinado de 301,251 acciones por aproximadamente 17,28 millones de dólares.

Conclusión para el inversor: La presentación señala una continua monetización por parte de los insiders, pero involucra una pequeña fracción del capital en circulación. Aunque no es dilutiva, el tamaño y la frecuencia de las ventas podrían ejercer una presión moderada en el sentimiento a corto plazo.

PSTG – 2025년 7월 31일자 Form 144 제출는 Morgan Stanley Smith Barney를 통해 NYSE에서 Pure Storage, Inc.의 163,925주 보통주 매각 제안을 공개합니다. 제출서에 명시된 2025년 7월 30일 종가 기준으로 거래 가치는 약 9.71백만 달러에 달합니다. 해당 주식은 회사의 3억 2,680만 주 발행 주식의 약 0.05%에 해당합니다.

이 주식은 2009년 10월 10일에 “창립자 주식”으로 처음 취득되었습니다. 매도자는 Rule 10b5-1을 근거로 거래할 계획이며, 미공개 중요 정보가 없음을 확인합니다.

최근 활동: “THE COLGROVE FAM CHARITABLE REM TR” 및 “THE COLGROVE FAM LIVING TR”로 식별된 신탁이 지난 3개월 동안 5건의 10b5-1 거래를 실행하여 총 301,251주를 약 17.28백만 달러에 매도했습니다.

투자자 참고: 이번 제출은 내부자 매각이 계속되고 있음을 시사하지만, 전체 발행 주식의 아주 작은 부분만을 포함합니다. 희석 효과는 없으나, 매도 규모와 빈도가 단기 투자 심리에 다소 압박을 줄 수 있습니다.

PSTG – Dépôt du formulaire 144 daté du 31/07/2025 révèle une proposition de vente de 163 925 actions ordinaires de Pure Storage, Inc. via Morgan Stanley Smith Barney à la NYSE. Au cours de clôture du 30/07/2025 indiqué dans le dépôt, la transaction est estimée à environ 9,71 millions de dollars. Ces actions représentent environ 0,05 % des 326,8 millions d’actions en circulation de la société.

Les actions ont été initialement acquises le 10 octobre 2009 en tant qu’« actions des fondateurs ». Le vendeur prévoit de se baser sur la règle 10b5-1 et affirme ne détenir aucune information matérielle non divulguée.

Activité récente : les trusts identifiés comme « THE COLGROVE FAM CHARITABLE REM TR » et « THE COLGROVE FAM LIVING TR » ont réalisé cinq transactions 10b5-1 au cours des trois derniers mois, vendant un total combiné de 301 251 actions pour environ 17,28 millions de dollars.

À retenir pour l’investisseur : Le dépôt indique une monétisation continue par les initiés, mais concerne une faible fraction des actions en circulation. Bien que non dilutif, le volume et la fréquence des ventes pourraient exercer une pression modérée sur le sentiment à court terme.

PSTG – Form 144 Einreichung vom 31.07.2025 offenbart einen geplanten Verkauf von 163.925 Stammaktien von Pure Storage, Inc. über Morgan Stanley Smith Barney an der NYSE. Zum Schlusskurs vom 30.07.2025, der aus der Einreichung hervorgeht, beläuft sich der Wert der Transaktion auf etwa 9,71 Millionen US-Dollar. Die Aktien entsprechen etwa 0,05 % der 326,8 Millionen ausstehenden Aktien des Unternehmens.

Die Aktien wurden ursprünglich am 10. Oktober 2009 als „Founders Shares“ erworben. Der Verkäufer beabsichtigt, sich auf Regel 10b5-1 zu berufen und bestätigt, keine nicht offengelegten wesentlichen Informationen zu besitzen.

Jüngste Aktivitäten: Die als „THE COLGROVE FAM CHARITABLE REM TR“ und „THE COLGROVE FAM LIVING TR“ identifizierten Trusts führten in den letzten drei Monaten fünf 10b5-1-Transaktionen durch und verkauften zusammen 301.251 Aktien im Wert von etwa 17,28 Millionen US-Dollar.

Fazit für Investoren: Die Einreichung signalisiert eine fortgesetzte Monetarisierung durch Insider, betrifft jedoch nur einen kleinen Bruchteil des ausstehenden Eigenkapitals. Obwohl nicht verwässernd, könnten Umfang und Rhythmus der Verkäufe den kurzfristigen Markt-Sentiment leicht belasten.

Positive
  • None.
Negative
  • Founding family–linked entities plan to sell 163,925 shares (~$9.7 m) after unloading 301,251 shares (~$17.3 m) in the prior three months, signaling continued insider selling.

Insights

TL;DR – Small but steady insider sales; marginal downward sentiment risk.

The notice covers 163.9 k shares (~$9.7 m) to be sold by entities linked to the founding family. Coupled with the prior 301 k-share divestiture in the last quarter, total cash raised tops $27 m in nine months. Although the absolute stake is immaterial to the float, repetitive 10b5-1 activity can act as an overhang when investor conviction depends on accelerating subscription revenue. No operational data is provided; therefore, fundamental value is unchanged. I view the impact as slightly negative given the optics of founder-related selling.

TL;DR – Routine Rule 144 disclosure; governance controls appear intact.

The seller utilizes a 10b5-1 plan, reducing litigation risk and signaling compliance discipline. Filing language reaffirms no possession of MNPI. Size is below 1 % of daily volume, limiting market impact. Continuous diversification by long-tenured insiders is expected as the firm matures. I classify the event as neutral-to-minor; it warrants monitoring but does not indicate governance stress.

PSTG – Deposito del modulo 144 datato 31/07/2025 rivela una proposta di vendita di 163.925 azioni ordinarie di Pure Storage, Inc. tramite Morgan Stanley Smith Barney alla NYSE. Al prezzo di chiusura del 30/07/2025 indicato nel deposito, la transazione ha un valore di circa 9,71 milioni di dollari. Le azioni rappresentano circa lo 0,05% delle 326,8 milioni di azioni in circolazione della società.

Le azioni sono state originariamente acquistate il 10 ottobre 2009 come “Azioni dei Fondatori”. Il venditore intende avvalersi della Regola 10b5-1 e conferma di non possedere informazioni materiali non divulgate.

Attività recente: i trust identificati come “THE COLGROVE FAM CHARITABLE REM TR” e “THE COLGROVE FAM LIVING TR” hanno effettuato cinque operazioni 10b5-1 negli ultimi tre mesi, vendendo complessivamente 301.251 azioni per un valore di circa 17,28 milioni di dollari.

Considerazioni per l’investitore: Il deposito indica una continuazione della monetizzazione da parte degli insider, ma riguarda una piccola frazione del capitale in circolazione. Pur non essendo diluitivo, la dimensione e la frequenza delle vendite potrebbero esercitare una modesta pressione sul sentiment a breve termine.

PSTG – Presentación del formulario 144 fechada el 31/07/2025 revela una propuesta de venta de 163,925 acciones ordinarias de Pure Storage, Inc. a través de Morgan Stanley Smith Barney en la NYSE. Al precio de cierre del 30/07/2025 indicado en la presentación, la transacción está valorada en aproximadamente 9,71 millones de dólares. Las acciones representan aproximadamente el 0,05% de las 326,8 millones de acciones en circulación de la compañía.

Las acciones fueron adquiridas originalmente el 10 de octubre de 2009 como “Acciones de Fundadores”. El vendedor planea acogerse a la Regla 10b5-1 y afirma no poseer información material no divulgada.

Actividad reciente: los fideicomisos identificados como “THE COLGROVE FAM CHARITABLE REM TR” y “THE COLGROVE FAM LIVING TR” realizaron cinco operaciones 10b5-1 en los últimos tres meses, vendiendo un total combinado de 301,251 acciones por aproximadamente 17,28 millones de dólares.

Conclusión para el inversor: La presentación señala una continua monetización por parte de los insiders, pero involucra una pequeña fracción del capital en circulación. Aunque no es dilutiva, el tamaño y la frecuencia de las ventas podrían ejercer una presión moderada en el sentimiento a corto plazo.

PSTG – 2025년 7월 31일자 Form 144 제출는 Morgan Stanley Smith Barney를 통해 NYSE에서 Pure Storage, Inc.의 163,925주 보통주 매각 제안을 공개합니다. 제출서에 명시된 2025년 7월 30일 종가 기준으로 거래 가치는 약 9.71백만 달러에 달합니다. 해당 주식은 회사의 3억 2,680만 주 발행 주식의 약 0.05%에 해당합니다.

이 주식은 2009년 10월 10일에 “창립자 주식”으로 처음 취득되었습니다. 매도자는 Rule 10b5-1을 근거로 거래할 계획이며, 미공개 중요 정보가 없음을 확인합니다.

최근 활동: “THE COLGROVE FAM CHARITABLE REM TR” 및 “THE COLGROVE FAM LIVING TR”로 식별된 신탁이 지난 3개월 동안 5건의 10b5-1 거래를 실행하여 총 301,251주를 약 17.28백만 달러에 매도했습니다.

투자자 참고: 이번 제출은 내부자 매각이 계속되고 있음을 시사하지만, 전체 발행 주식의 아주 작은 부분만을 포함합니다. 희석 효과는 없으나, 매도 규모와 빈도가 단기 투자 심리에 다소 압박을 줄 수 있습니다.

PSTG – Dépôt du formulaire 144 daté du 31/07/2025 révèle une proposition de vente de 163 925 actions ordinaires de Pure Storage, Inc. via Morgan Stanley Smith Barney à la NYSE. Au cours de clôture du 30/07/2025 indiqué dans le dépôt, la transaction est estimée à environ 9,71 millions de dollars. Ces actions représentent environ 0,05 % des 326,8 millions d’actions en circulation de la société.

Les actions ont été initialement acquises le 10 octobre 2009 en tant qu’« actions des fondateurs ». Le vendeur prévoit de se baser sur la règle 10b5-1 et affirme ne détenir aucune information matérielle non divulguée.

Activité récente : les trusts identifiés comme « THE COLGROVE FAM CHARITABLE REM TR » et « THE COLGROVE FAM LIVING TR » ont réalisé cinq transactions 10b5-1 au cours des trois derniers mois, vendant un total combiné de 301 251 actions pour environ 17,28 millions de dollars.

À retenir pour l’investisseur : Le dépôt indique une monétisation continue par les initiés, mais concerne une faible fraction des actions en circulation. Bien que non dilutif, le volume et la fréquence des ventes pourraient exercer une pression modérée sur le sentiment à court terme.

PSTG – Form 144 Einreichung vom 31.07.2025 offenbart einen geplanten Verkauf von 163.925 Stammaktien von Pure Storage, Inc. über Morgan Stanley Smith Barney an der NYSE. Zum Schlusskurs vom 30.07.2025, der aus der Einreichung hervorgeht, beläuft sich der Wert der Transaktion auf etwa 9,71 Millionen US-Dollar. Die Aktien entsprechen etwa 0,05 % der 326,8 Millionen ausstehenden Aktien des Unternehmens.

Die Aktien wurden ursprünglich am 10. Oktober 2009 als „Founders Shares“ erworben. Der Verkäufer beabsichtigt, sich auf Regel 10b5-1 zu berufen und bestätigt, keine nicht offengelegten wesentlichen Informationen zu besitzen.

Jüngste Aktivitäten: Die als „THE COLGROVE FAM CHARITABLE REM TR“ und „THE COLGROVE FAM LIVING TR“ identifizierten Trusts führten in den letzten drei Monaten fünf 10b5-1-Transaktionen durch und verkauften zusammen 301.251 Aktien im Wert von etwa 17,28 Millionen US-Dollar.

Fazit für Investoren: Die Einreichung signalisiert eine fortgesetzte Monetarisierung durch Insider, betrifft jedoch nur einen kleinen Bruchteil des ausstehenden Eigenkapitals. Obwohl nicht verwässernd, könnten Umfang und Rhythmus der Verkäufe den kurzfristigen Markt-Sentiment leicht belasten.

c/o Magnachip Semiconductor, Ltd. 0001325702 false 0001325702 2025-07-31 2025-07-31
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 31, 2025

 

 

Magnachip Semiconductor Corporation

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   001-34791   83-0406195

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

c/o Magnachip Semiconductor, Ltd.

15F, 76 Jikji-daero 436beon-gil, Heungdeok-gu

Cheongju-si, Chungcheongbuk-do, 28581, Republic of Korea

  Not Applicable
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: +82 (2) 6903-3000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol

 

Name of each exchange
on which registered

Common Stock, par value $0.01 per share   MX   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 2.02.

Results of Operations and Financial Condition.

Attached hereto as Exhibit 99.1 and incorporated by reference herein is financial information for Magnachip Semiconductor Corporation and its consolidated subsidiaries for the second quarter ended June 30, 2025, as presented in a press release dated July 31, 2025.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

The following exhibit is furnished as part of this report:

 

Exhibit
No.
  

Description

99.1    Press release for Magnachip Semiconductor Corporation dated July 31, 2025, announcing the results for the second quarter ended June 30, 2025.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    MAGNACHIP SEMICONDUCTOR CORPORATION
Dated: July 31, 2025     By:  

/s/ Theodore Kim

      Theodore Kim
      Chief Compliance Officer, General Counsel and Secretary

FAQ

How many Pure Storage (PSTG) shares are being registered for sale?

The Form 144 covers 163,925 common shares.

What is the estimated value of the proposed PSTG share sale?

Based on the filing, the sale is valued at approximately $9.71 million.

When is the planned sale date for the PSTG shares?

The filing lists an approximate sale date of 07/31/2025.

How many PSTG shares were sold by the same trusts in the last 3 months?

301,251 shares were sold, generating ≈ $17.28 million in gross proceeds.

What percentage of Pure Storage’s shares outstanding does the new sale represent?

The 163,925 shares equal roughly 0.05 % of the 326.8 million shares outstanding.
Magnachip Semiconductor Corp N

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