Form 4: Amkor Technology Director Exercises Stock Options, Maintains Significant Indirect Ownership

Susan Y. Kim, a director at Amkor Technology, exercised stock options and maintains significant indirect ownership through various trusts and partnerships.

Summary

• Susan Y. Kim, a director at Amkor Technology, exercised stock options to acquire 5,000 shares at $8.92 and 20,000 shares at $6.81 on November 21, 2024.
• Following these transactions, Ms. Kim directly owns 2,441,475 shares of Amkor Technology common stock.
• Ms. Kim also has indirect beneficial ownership of a substantial number of shares through various trusts, including GRATs, and limited partnerships.
• These indirect holdings include 4,418,610 shares held by family trusts, 11,023,102 shares held by GRATs for family members, and 4,500,000 shares held by her own GRATs.
• Additionally, she has indirect ownership through Sujoda Investments, LP (2,478,325 shares), Sujochil, LP (19,484,809 shares), and Kim Capital Partners KPC, LLC (16,710,668 shares).
• Ms. Kim disclaims beneficial ownership of these securities except to the extent of her pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing and does not contain any information that would significantly impact the sentiment. The exercise of stock options is a positive sign of confidence, but it is not a major event.

Positives

• The exercise of stock options indicates Ms. Kim's continued investment and confidence in Amkor Technology.
• Ms. Kim's substantial indirect ownership demonstrates a long-term commitment to the company.

Risks

• The document does not explicitly state any risks, but the complex structure of indirect ownership through various trusts and partnerships could potentially lead to future complications or conflicts of interest.

Management Comments

• The Reporting Person states that the filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities owned by the other members of the group, for the purpose of Section 16 or for any other purpose.

Industry Context

This filing is a routine disclosure of insider transactions and is typical for directors of publicly traded companies. It does not indicate any specific industry trends or competitive pressures.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with the requirements of the Securities and Exchange Commission.
• The level of detail provided in the filing is typical for disclosing indirect ownership through trusts and partnerships.
• The stock option exercise prices are not unusual for director compensation packages.

Stakeholder Impact

• The stock option exercises have a minor dilutive effect on existing shareholders.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Amkor Technology, stock options, beneficial ownership, Form 4, insider trading, Susan Y. Kim, GRATs, trusts, limited partnerships