Form 4: MACOM Technology Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Donghyun Thomas Hwang, SVP of Global Sales at MACOM Technology Solutions, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- Donghyun Thomas Hwang, a Senior Vice President at MACOM Technology Solutions Holdings, Inc., reported the sale of company stock to cover tax obligations.
- On October 27, 2024, 673 shares of common stock were sold at a price of $121.7 per share to cover tax obligations related to vesting restricted stock units.
- On October 28, 2024, an additional 386 shares were sold at a price of $117.54 per share for the same reason.
- Following these transactions, Hwang directly owns 38,602 shares of MACOM Technology Solutions Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock sales for tax purposes, which is neutral in sentiment.
Industry Context
Executive stock sales for tax obligations are a common occurrence, particularly after the vesting of restricted stock units. This activity is closely monitored by investors but is generally not indicative of the company's overall performance.
Key Dates
| Date | Description |
|---|---|
| 10/27/2024 | 673 shares of common stock sold at $121.7 to cover tax obligations. |
| 10/28/2024 | 386 shares of common stock sold at $117.54 to cover tax obligations. |
| 10/29/2024 | Date of Form 4 filing. |
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