Form 4: MACOM Technology Solutions Holdings: CFO John Kober Reports Stock Transactions
SEC Form 4
Senior VP and CFO of MACOM Technology Solutions Holdings, John Kober, reports disposition and acquisition of company stock related to tax obligations and a pre-arranged sales plan.
Summary
- John Kober, Senior VP and CFO of MACOM Technology Solutions Holdings, reported several transactions involving the company's common stock.
- On October 27, 2024, 1,111 shares were withheld by the issuer to cover tax obligations related to vesting restricted stock units at a price of $121.7.
- On October 28, 2024, 582 shares were withheld for similar tax obligations at a price of $117.54.
- On October 29, 2024, Kober sold 2,671 shares at $117.47 per share.
- These transactions were executed under a sales plan adopted on August 25, 2023, designed to comply with Rule 10b5-1.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions appear to be routine and related to tax obligations and a pre-planned sales strategy. There's no indication of unusual or concerning activity.
Positives
- The sales were conducted under a pre-arranged sales plan (Rule 10b5-1), indicating they were planned well in advance and not based on immediate insider information.
Industry Context
Executive stock transactions are a normal part of corporate governance. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects. Rule 10b5-1 plans are commonly used to allow insiders to sell shares without being accused of trading on non-public information.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the volume is relatively small.
Key Dates
| Date | Description |
|---|---|
| August 25, 2023 | Date the Reporting Person adopted the sales plan intended to comply with Rule 10b5-1. |
| October 27, 2024 | Date of tax withholding for 1,111 shares at $121.7. |
| October 28, 2024 | Date of tax withholding for 582 shares at $117.54. |
| October 29, 2024 | Date of sale of 2,671 shares at $117.47. |
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