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., executed sales of common stock on September 17, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Robert Dennehy, SVP of Operations at MACOM Technology Solutions Holdings, Inc., sold shares of common stock on September 17, 2024.
• The sales were executed under a pre-arranged trading plan adopted on May 22, 2024, to comply with Rule 10b5-1.
• A total of 6,915 shares were sold in multiple transactions at varying prices.
• The weighted average sale prices were $101.18, $101.84 and $102.74.
• Following the reported transactions, Dennehy beneficially owns 19,481 shares of MACOM Technology Solutions Holdings, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine sale of shares under a pre-arranged 10b5-1 plan. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without raising concerns about trading on non-public information. Investors often monitor these transactions for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates