Form 4: MACOM CEO Stephen Daly Sells Shares Under 10b5-1 Plan

MACOM Technology Solutions CEO Stephen Daly sold a total of 45,090 shares of common stock on November 13, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Stephen Daly, the President and CEO of MACOM Technology Solutions Holdings, Inc., sold 45,090 shares of common stock on November 13, 2024.
• The sales were executed under a pre-arranged trading plan adopted on May 31, 2024, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
• The shares were sold in multiple transactions at weighted average prices of $128.65, $129.62, and $130.43.
• The sales resulted in a reduction of Daly's direct holdings of MACOM common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine insider stock sale under a pre-arranged plan, which is neither particularly positive nor negative.

Risks

• Sales by company insiders, even under pre-arranged plans, can sometimes be perceived negatively by the market.

Industry Context

Insider sales are a common occurrence, and the use of 10b5-1 plans is a standard practice to avoid accusations of trading on non-public information. This transaction is not unusual for executives of publicly traded companies.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies, including those in the technology sector like Analog Devices (ADI) and Texas Instruments (TXN).
• These plans allow executives to sell shares in a pre-determined manner, avoiding accusations of insider trading.
• The reported sales by Stephen Daly are consistent with typical insider trading activity under such plans.

Stakeholder Impact

• The stock sale may have a minor impact on shareholder sentiment, but it is unlikely to be significant given the pre-planned nature of the transactions.

Key Dates

Keywords

insider trading, stock sale, 10b5-1 plan, MACOM, Stephen Daly, executive, share transaction