Form 4: MACOM Technology Solutions SVP, Operations, Robert Dennehy, Sells Shares Under 10b5-1 Plan

Robert Dennehy, SVP of Operations at MACOM Technology Solutions Holdings, Inc., sold 1,687 shares of common stock at $113.8 per share on November 5, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On November 5, 2024, Robert Dennehy, the SVP of Operations at MACOM Technology Solutions Holdings, Inc., sold 1,687 shares of the company's common stock.
• The sale was executed at a price of $113.8 per share.
• Following the transaction, Dennehy directly owns 19,388 shares of MACOM Technology Solutions Holdings, Inc.
• The sale was conducted under a pre-arranged trading plan adopted on May 22, 2024, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating a routine stock sale by an officer under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Insider sales are a common occurrence in publicly traded companies. The use of 10b5-1 plans allows insiders to sell shares over a predetermined period, mitigating concerns about trading on non-public information. It is important to consider the overall context of insider trading activity, including the reasons for the sale and the company's performance.

Stakeholder Impact

• The sale of shares by a company executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the executive's reasons for selling.
• However, the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any sudden change in the executive's outlook on the company.

Key Dates