Power Integrations (POWI) Rule 144 Notice: Douglas Bailey Sells 16,989 Shares
Rhea-AI Filing Summary
Form 144 filing for Power Integrations, Inc. (POWI) discloses a proposed sale of 16,989 shares of common stock by Douglas Bailey through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of $788,403.43 and reported gross proceeds of $796,084.15 for an actual sale dated 08/14/2025. The filing lists the acquisition history for 15,289 of those shares as restricted stock vesting under registered plans between 2019 and 2022, with payment characterized as compensation. The filer affirms no undisclosed material adverse information and includes the standard Rule 144 representation and signature warning about false statements.
Positive
- Transparent disclosure of an insider sale under Rule 144 including broker, share count, and values
- Acquisition history provided showing shares originated from restricted stock vesting (2019-2022)
Negative
- Insider sale of 16,989 shares resulting in approximately $796,084 gross proceeds, which may indicate insider liquidity
- No Rule 10b5-1 plan date is indicated in the filing, so the timing appears not to be tied to a disclosed trading plan
Insights
TL;DR: Insider sale of ~17k POWI shares disclosed; proceeds near $0.8M, sourced mainly from vested restricted stock.
The filing details a Rule 144 notice for an insider sale executed via Morgan Stanley on NASDAQ. The seller, Douglas Bailey, sold 16,989 shares with reported proceeds of $796,084.15. Acquisition records show the shares primarily resulted from restricted stock vesting (2019-2022) and were compensation-related. This is a routine disclosure of an insider sale under federal resale rules and provides transparency on the origin and timing of the holdings.
TL;DR: Filing is a standard compliance disclosure; it signals insider liquidity but contains no governance red flags.
The notice complies with Rule 144 requirements by identifying the broker, number of shares, aggregate value, and acquisition details. The statement that the signer is unaware of undisclosed material adverse information is present. The transaction appears to be sales of vested restricted shares rather than transfers to affiliated parties, and no plan adoption date for Rule 10b5-1 is referenced in the filing.