Texas Instruments (TXN) Director Files Corrective Form 4; Minor DRIP Sale
Rhea-AI Filing Summary
Mark A. Blinn, a director of Texas Instruments Incorporated (TXN), reported a small sale and corrections to prior disclosures. The Form 4 shows a sale on 07/21/2025 of 0.334 shares acquired under a dividend reinvestment plan at a price of $216.745 per share; those shares were exempt from prior reporting under Rule 16a-11 and the filing states beneficial ownership remained unchanged from the last reported amount. The report clarifies trust holdings: certain shares are held in trusts for family members and for the reporting person, the reporting person serves as trustee for some trusts, and a prior Form 4 was corrected to show three trusts (not four) with adjusted allocations of 6,000 shares to two trusts. The filing includes an attorney-in-fact signature dated 08/27/2025.
Positive
- Corrective disclosure clarifies prior Form 4 trust counts and share allocations, improving reporting accuracy
- Reported sale was de minimis (0.334 shares) and the filing states beneficial ownership remained unchanged
Negative
- None.
Insights
TL;DR: Minor, routine disclosure and a corrective filing clarify trust ownership; no material change in beneficial ownership reported.
The correction to the prior Form 4 improves accuracy around the number of trusts and share allocations, which is important for transparent insider reporting. The reported sale of 0.334 shares via a DRIP is de minimis and described as exempt from prior reporting, and the filing explicitly states that beneficial ownership is unchanged. From a governance perspective, the report reflects standard trustee arrangements and corrective compliance activity rather than any substantive change in control or insider position.
TL;DR: Transaction is immaterial to TXN ownership and likely has no market impact; filing is primarily housekeeping and corrective.
The sale of 0.334 shares at $216.745 is negligible relative to a public company stake and the filing confirms no net change in reported beneficial ownership. The corrected allocation among trusts clarifies previously misstated holdings and notes that a 1,200-share prior distribution was reallocated to two existing trusts, resulting in 6,000-share balances. No new transactions affecting trust holdings occurred on the filing date. Impact on investor valuation or voting control is effectively nil.