Director’s 27,800 ADS stake disclosed at Silicon Motion (NASDAQ: SIMO)
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Silicon Motion Technology Corp director Chen Shiang Feng has filed an initial ownership report showing direct holdings of 27,800 American depositary shares (ADS). Each ADS represents four ordinary shares of the company, so this filing simply establishes his existing equity position without reporting any recent trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHEN SHIANG FENG
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American depositary shares | -- | -- | -- |
Holdings After Transaction:
American depositary shares — 27,800 shares (Direct)
Footnotes (1)
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FAQ
What does the Silicon Motion (SIMO) Form 3 filing by Chen Shiang Feng show?
The Form 3 shows director Chen Shiang Feng directly owns 27,800 American depositary shares of Silicon Motion. It is an initial ownership report, establishing his equity stake rather than disclosing a new purchase or sale of shares.
Is the Silicon Motion (SIMO) Form 3 a buy or sell transaction?
The Form 3 is not a buy or sell transaction. It is an initial ownership statement that records existing holdings of 27,800 American depositary shares by director Chen Shiang Feng, with no new market trade reported in this filing.
Does Chen Shiang Feng hold Silicon Motion (SIMO) ADS directly or indirectly?
The Form 3 indicates direct ownership of the 27,800 American depositary shares. There is no reference to trusts, partnerships, or other entities, so the reported position is held in his own name rather than through an intermediary vehicle.
Why is Silicon Motion (SIMO) filing a Form 3 for Chen Shiang Feng?
A Form 3 is filed when someone becomes an officer, director, or large shareholder subject to insider reporting rules. This filing records Chen Shiang Feng’s initial 27,800 ADS stake as he assumes or formalizes a reporting role at Silicon Motion.