Director at Silicon Motion (SIMO) sells 3,000 ADS in open-market trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silicon Motion Technology CORP director Lin Kuan-Ming sold 3,000 American depositary shares in open-market trades. The sales occurred on June 17–18, with 1,000 ADS sold at $300.00, 1,000 at $310.01, and 1,000 at $320.31 per ADS. After these transactions, Lin directly holds 7,500 ADS, each representing four ordinary shares of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,000 shares ($930,320)
Net Sell
3 txns
Insider
LIN KUAN-MING
Role
null
Sold
3,000 shs ($930K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American depositary shares | 1,000 | $320.31 | $320K |
| Sale | American depositary shares | 1,000 | $300.00 | $300K |
| Sale | American depositary shares | 1,000 | $310.01 | $310K |
Holdings After Transaction:
American depositary shares — 7,500 shares (Direct, null)
Footnotes (1)
- Each American depositary share ("ADS") represents four ordinary shares, US$0.01 par value per share, of Silicon Motion Technology Corp. (the "Issuer"). The price reported in Column 4 is a weighted average price per ADS. These ADSs were sold in multiple transactions at prices ranging from $310.00 to $310.09 per ADS, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of ADSs sold at each separate price within the ranges set forth in this footnote.
Key Figures
Total ADS sold: 3,000 ADS
Sale price 1: $300.00 per ADS
Sale price 2: $310.01 per ADS
+3 more
6 metrics
Total ADS sold
3,000 ADS
Non-derivative open-market sales reported on Form 4
Sale price 1
$300.00 per ADS
1,000 ADS sold on June 17
Sale price 2
$310.01 per ADS
1,000 ADS sold on June 17
Sale price 3
$320.31 per ADS
1,000 ADS sold on June 18
Holdings after transactions
7,500 ADS
Directly owned by director after final sale
ADS to ordinary share ratio
1 ADS = 4 ordinary shares
Each ADS represents four Silicon Motion ordinary shares
Key Terms
American depositary shares, open-market sale, weighted average price, ordinary shares
4 terms
open-market sale financial
"transaction_action: "open-market sale" for each ADS transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price per ADS."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transaction did Silicon Motion (SIMO) disclose in this Form 4?
Silicon Motion disclosed that director Lin Kuan-Ming sold 3,000 American depositary shares (ADS) in open-market transactions. These trades were reported as non-derivative sales of existing ADS, not option exercises or derivative conversions.
On what dates did Silicon Motion (SIMO) director Lin Kuan-Ming sell ADS?
The reported sales occurred on June 17 and June 18. Two 1,000-ADS blocks were sold on June 17 at $300.00 and $310.01 per ADS, and another 1,000 ADS were sold on June 18 at $320.31 per ADS.
How many Silicon Motion (SIMO) ADS does the director hold after these transactions?
Following the reported sales, director Lin Kuan-Ming directly holds 7,500 American depositary shares. This figure reflects his position immediately after the final transaction disclosed in the Form 4 and represents his remaining directly owned ADS stake.
Were the Silicon Motion (SIMO) director’s transactions open-market sales?
Yes. Each transaction is coded “S” and described as an open-market sale. The Form 4 classifies them as non-derivative transactions involving American depositary shares, meaning the director sold already-held ADS rather than exercising options or converting derivatives.