Power Integrations Form 144: Proposed Insider Sale of 16,989 Shares
Rhea-AI Filing Summary
Power Integrations, Inc. (POWI) Form 144 notice shows a proposed sale of 16,989 common shares through Morgan Stanley Smith Barney on NASDAQ with an aggregate market value of $796,084.15. The filing lists the shares' acquisition history: multiple restricted stock vestings and employee purchases between 2018 and 2019, totaling the disclosed lots. The filer represents they are not aware of any undisclosed material adverse information. No securities were reported sold in the past three months.
Positive
- Compliance: The filer submitted a Form 144 with broker, share count, and acquisition history, meeting disclosure requirements
- Seller attestation: The filer represents no undisclosed material adverse information about the issuer
Negative
- Proposed insider sale: 16,989 shares (~$796,084) scheduled to be sold, which could be viewed negatively by some investors despite small size relative to outstanding shares
Insights
TL;DR Insider intends to sell a modest block of POWI shares acquired via employee programs, not a company-level disclosure of material change.
The Form 144 notifies the market of a proposed brokered sale of 16,989 common shares valued at about $796k, originating from restricted stock vestings and employee purchases in 2018–2019. This is a routine disclosure required for certain officer/director/large-holder sales; it does not itself provide operational or financial performance information about the company. Given the company's outstanding share count of 56,095,582, the proposed sale represents a small fraction of equity and is unlikely to be material to valuation by itself.
TL;DR The filing documents compliant insider-sale reporting; it signals an individual sale rather than governance or control changes.
Form 144 confirms the seller relied on prior compensation-related awards and employee-plan purchases as the source of the shares. The issuer relationship is disclosed, the broker and approximate sale date are provided, and the filer attests to no undisclosed material information. There is no indication of leadership change, related-party transactions beyond routine compensation, or other governance events in this filing.