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 a total of 6,683 shares of common stock on August 21, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

• Robert Dennehy, the SVP of Operations at MACOM Technology Solutions Holdings, Inc., reported the sale of company stock on August 21, 2024.
• A total of 5,982 shares were sold at a weighted average price of $106.68, with individual prices ranging from $106.06 to $107.02.
• An additional 701 shares were sold at a weighted average price of $107.61, with individual prices ranging from $107.15 to $108.10.
• The sales were executed under a pre-arranged sales plan adopted on May 22, 2024, to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Following the reported transactions, Dennehy still beneficially owns 26,396 shares of MACOM Technology Solutions Holdings, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged plan, which is a common practice.

Positives

• The sales were conducted under a pre-arranged 10b5-1 plan, indicating they were planned in advance and not based on immediate market information.

Industry Context

Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 plan suggests the executive is selling shares in a pre-planned manner to avoid any concerns about insider trading.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the use of a 10b5-1 plan suggests the sales are planned and orderly.

Key Dates