Director at Silicon Motion (SIMO) sells 1,500 ADS in open market
Rhea-AI Filing Summary
Silicon Motion Technology CORP director DUANN SHII TYNG sold shares in the company. On this Form 4, the director reported an open-market sale of 1,500 American depositary shares at a price of $245.00 per share. After the transaction, the director directly holds 15,200 American depositary shares.
Each American depositary share represents four ordinary shares of Silicon Motion Technology Corp., so this filing reflects a relatively small, disclosed reduction in the director’s indirect exposure to the company’s ordinary shares while maintaining a meaningful remaining position.
Positive
- None.
Negative
- None.
Insights
Director’s 1,500‑ADS sale appears routine relative to remaining stake.
The filing shows director DUANN SHII TYNG executed an open-market sale of 1,500 American depositary shares at $245.00 per ADS. Following the sale, the director continues to hold 15,200 ADS directly, indicating the transaction represents only a portion of the visible position.
The transaction is coded as an open-market sale, with no derivative exercises or tax-withholding events and no remaining derivatives listed. In isolation, this looks like a modest portfolio adjustment rather than a transformational governance or ownership shift, so its impact on the broader investment thesis is limited.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | American depositary shares | 1,500 | $245.00 | $368K |
Footnotes (1)
- F1. Each American depositary share represents four ordinary shares, US$0.01 par value per share, of Silicon Motion Technology Corp.
Key Figures
Key Terms
open-market sale financial
Form 4 regulatory
non-derivative financial
AI-generated analysis. How Rhea-AI works. Not financial advice.