Form 4: MACOM Director Charles R. Bland Sells Shares Under 10b5-1 Plan
SEC Form 4
Director Charles R. Bland of MACOM Technology Solutions Holdings, Inc. sold a total of 2,500 shares of common stock on May 16, 2024, under a pre-arranged 10b5-1 sales plan.
Summary
- Charles R. Bland, a director at MACOM Technology Solutions Holdings, Inc., sold 1,499 shares of common stock at a weighted average price of $102.05 on May 16, 2024.
- He also sold 1,001 shares of common stock at a weighted average price of $102.89 on the same day.
- These transactions were executed under a sales plan adopted on November 13, 2023, designed to comply with Rule 10b5-1.
- Following these sales, Bland directly owns 26,439 shares of MACOM Technology Solutions Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-existing plan, which is a common practice.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives and directors to sell shares under 10b5-1 plans to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 11/13/2023 | Date the Reporting Person adopted the sales plan |
| 05/16/2024 | Date of the stock sale transactions |
| 05/20/2024 | Date of report |
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