POWI (NASDAQ: POWI) files Form 144 covering restricted and performance shares

Rhea-AI Filing Summary

POWI filed a Form 144 notifying a proposed sale of restricted stock and performance shares held by the issuer and to be sold through Morgan Stanley Smith Barney LLC. The filing lists multiple grant types with specified grant dates and share counts, including 1,240 performance shares dated 12/31/2023 and other restricted awards.

Insights

Equity Capital Markets Analyst

Form 144 reports proposed resale of restricted and performance awards through a broker-dealer.

The filing lists specific award categories: Restricted Stock and Performance Shares with grant dates and share counts. Sales are to be effected through Morgan Stanley Smith Barney LLC, a broker-dealer identified in the excerpt.

Cash-flow treatment and aggregate proceeds are not disclosed in the provided excerpt; subsequent filings or trade reports would show actual dispositions and amounts.

Compensation Governance Specialist

Listed items appear to be issuer-granted awards scheduled for resale notice.

The schedule includes multiple vesting/award dates (for example, 02/09/2024, 08/24/2023) and discrete share counts per award. These entries are typical of notices required before affiliate resales of restricted or performance-based awards.

Timing and ultimate disposition depend on holder actions; the filing itself does not confirm completed sales.

Key Figures

Performance shares (example): 1,240 shares Restricted stock (example): 2,143 shares Restricted stock (example): 1,337 shares +3 more

6 metrics

Performance shares (example) 1,240 shares Performance Shares dated 12/31/2023

Restricted stock (example) 2,143 shares Restricted Stock dated 02/09/2024

Restricted stock (example) 1,337 shares Restricted Stock dated 02/02/2024

Restricted stock (example) 918 shares Restricted Stock dated 02/01/2024

Restricted stock (example) 3,018 shares Restricted Stock dated 08/24/2023

Performance shares (additional) 2,997 shares Performance Shares dated 12/31/2021

Key Terms

Form 144, Performance Shares, Restricted Stock, Issuer, +1 more

5 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Performance Shares financial

"Common | 12/31/2023 | Performance Shares"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Restricted Stock financial

"Common | 02/09/2024 | Restricted Stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Issuer regulatory

"Performance Shares | Issuer"

Broker-dealer market

"Morgan Stanley Smith Barney LLC Executive Financial Services"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	15894	1306245.21	55719984	05/26/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/31/2023	Performance Shares	Issuer			1240	12/31/2023	Not Applicable
Common	02/09/2024	Restricted Stock	Issuer			2143	02/09/2024	Not Applicable
Common	02/02/2024	Restricted Stock	Issuer			1337	02/02/2024	Not Applicable
Common	02/01/2024	Restricted Stock	Issuer			918	02/01/2024	Not Applicable
Common	08/24/2023	Restricted Stock	Issuer			3018	08/24/2023	Not Applicable
Common	12/31/2022	Performance Shares	Issuer			975	12/31/2022	Not Applicable
Common	12/31/2022	Performance Shares	Issuer			723	12/31/2022	Not Applicable
Common	02/02/2023	Restricted Stock	Issuer			1361	02/02/2023	Not Applicable
Common	12/31/2021	Performance Shares	Issuer			2997	12/31/2021	Not Applicable
Common	12/31/2020	Performance Shares	Issuer			1182	12/31/2020	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does POWI's Form 144 filing mean?

It is a notice of proposed resale of securities by an affiliate or insider. The filing lists restricted stock and performance shares and identifies Morgan Stanley Smith Barney LLC as the broker-dealer handling the sale.

Which types of securities are listed in the POWI Form 144?

The excerpt lists Restricted Stock and Performance Shares with specific grant dates. Examples include 1,240 performance shares dated 12/31/2023 and multiple restricted-stock grants on other dates.

Does the Form 144 show that the shares have been sold?

No. The filing is a pre-sale notice. It lists securities proposed to be sold through a broker-dealer; it does not confirm that any sale has occurred or state proceeds received.

Who is the broker-dealer named in the POWI filing?

The filing names Morgan Stanley Smith Barney LLC at 1 New York Plaza as the broker-dealer through which the proposed sales are to be effected, per the excerpted information.

Are there dates tied to the listed awards in the filing?

Yes. The excerpt includes grant or performance dates such as 12/31/2023, 02/09/2024, 02/02/2024, and 08/24/2023 associated with specific award counts.