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

Stephen Daly, President and CEO of MACOM Technology Solutions Holdings, Inc., sold a total of 20,912 shares of common stock on August 30, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

• Stephen G. Daly, the President and CEO of MACOM Technology Solutions Holdings, Inc., reported the sale of company stock on August 30, 2024.
• The sales were executed under a pre-arranged sales plan adopted on May 31, 2024, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
• A total of 20,912 shares of common stock were sold in multiple transactions at varying weighted average prices.
• The weighted average sale prices ranged from $109.05 to $110.64 per share.
• Following the reported transactions, Daly directly owns 64,472 shares of MACOM Technology Solutions Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider transactions. The use of a 10b5-1 plan suggests the transactions were pre-planned and routine, thus the sentiment is neutral.

Industry Context

Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information at the time of the transactions.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates