Form 4: MACOM Director Ocampo Sells $28M in Stock

MACOM Technology Solutions Holdings Director and 10% Owner Susan Ocampo reported the sale of 212,859 shares of common stock across multiple transactions in mid-September 2025, totaling approximately $28.2 million.

Summary

• Susan Ocampo, a Director and 10% Owner of MACOM Technology Solutions Holdings, Inc. (MTSI), reported the sale of 212,859 shares of common stock.
• The sales occurred on September 15, 2025, and September 17, 2025.
• On September 15, 2025, 107,361 shares were sold at a weighted average price of $132.16 per share, totaling approximately $14.19 million.
• Also on September 15, 2025, an additional 43,063 shares were sold at a weighted average price of $133.11 per share, totaling approximately $5.73 million.
• On September 17, 2025, 62,435 shares were sold at a weighted average price of $133.02 per share, totaling approximately $8.30 million.
• The total value of shares sold across these transactions is approximately $28.22 million.
• All reported sales were indirect, held by trusts for Ocampo's children.
• Following these transactions, Ocampo indirectly beneficially owns 3,522,186 shares through trusts for children, 4,415,331 shares through Ocampo Family Trusts, and 1,500,000 shares through a GRAT, in addition to 1,623 shares held directly.
• The transactions were executed pursuant to a Rule 10b5-1(c) trading plan.

Sentiment

Score: 4

Explanation: While the sale is significant in value, the fact that it was executed under a Rule 10b5-1 plan mitigates some of the negative sentiment typically associated with large insider sales. However, any large insider sale by a director and 10% owner can still be viewed with some caution by investors.

Positives

• The transactions were executed under a Rule 10b5-1(c) plan, indicating pre-planned sales for diversification or liquidity rather than a reaction to new negative information.

Negatives

• A significant insider sale of 212,859 shares by a Director and 10% Owner could be perceived negatively by some investors, potentially signaling a lack of confidence or a belief that the stock price is near its peak.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports an insider transaction and does not provide information directly related to broader industry trends or competitive landscape. Insider sales are common for diversification or liquidity purposes, especially when executed under pre-arranged trading plans.

Related Party Transactions

• The reported sales were made from shares held indirectly by trusts for the reporting person's children, which are considered related parties.

Stakeholder Impact

• Shareholders may interpret the significant insider sale as a signal, potentially influencing their perception of the stock's future performance, although the 10b5-1 plan mitigates immediate concerns about insider confidence.

Key Dates

Recommendation

The filing reports a significant insider sale by a Director and 10% Owner, totaling over $28 million. While the transaction was executed under a pre-arranged Rule 10b5-1 plan, which suggests it's for personal financial planning rather than a reaction to new company-specific news, a sale of this magnitude by a key insider could still be perceived negatively by the market. However, the insider retains substantial beneficial ownership, indicating continued alignment with the company's long-term prospects. Given the pre-planned nature, it doesn't necessarily signal a fundamental shift in the company's outlook, but it also doesn't provide a strong catalyst for a 'buy' recommendation. Therefore, a 'hold' recommendation is appropriate, advising investors to monitor future developments and broader market conditions.

Keywords

MACOM Technology Solutions Holdings, MTSI, Insider Sale, Form 4, Susan Ocampo, Director, 10% Owner, Stock Transaction, Equity Sales, Rule 10b5-1