Form 4: Monolithic Power Systems EVP and CFO Theodore Blegen Reports Sale of Shares to Cover Taxes

Theodore Blegen, EVP and CFO of Monolithic Power Systems, sold 532 shares of common stock on February 10, 2025, to cover taxes upon the vesting of restricted stock units.

Summary

• On February 10, 2025, Theodore Blegen, the EVP and CFO of Monolithic Power Systems Inc. (MPWR), sold 532 shares of common stock.
• The sale was executed at a price of $717.1007 per share.
• The transaction was conducted to cover taxes upon the vesting of restricted stock units, as required by the company's equity incentive plan.
• Following the transaction, Blegen directly owns 52,912 shares of Monolithic Power Systems Inc.
• Blegen also indirectly owns 5,331 shares through an Irrevocable Trust FBO Theodore F. Blegen and 5,331 shares through an Irrevocable Trust FBO Sarah N. Blegen.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes). It doesn't convey any particularly positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The sale itself doesn't necessarily indicate a negative outlook on the company's future, but it's a transaction investors often monitor.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the reason for the sale.

Key Dates

Keywords

Monolithic Power Systems, MPWR, Theodore Blegen, Executive Compensation, Form 4, Stock Sale, Insider Trading, Equity Incentive Plan, Restricted Stock Units, Tax Obligations