Form 4: MACOM Executive Donghyun Thomas Hwang Sells Shares Under 10b5-1 Plan

Donghyun Thomas Hwang, SVP of Global Sales at MACOM Technology Solutions Holdings, sold a total of 7,000 shares of common stock on May 8, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

• On May 8, 2024, Donghyun Thomas Hwang, the SVP of Global Sales at MACOM Technology Solutions Holdings, sold 1,585 shares of common stock at a weighted average price of $102.01.
• He also sold 5,415 shares of common stock at a weighted average price of $102.84 on the same day.
• These transactions were executed under a pre-arranged sales plan adopted on August 25, 2023, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Following these sales, Hwang directly owns 41,325 shares of MACOM Technology Solutions Holdings.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating insider stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment, but rather reports a factual transaction.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under a 10b5-1 plan are generally viewed as less informative.

Stakeholder Impact

• The stock sale by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates