Form 4: Monolithic Power Systems EVP and CFO Theodore Blegen Reports Stock Sale

Theodore Blegen, EVP and CFO of Monolithic Power Systems, reported the sale of common stock on October 1, 2024, according to a Form 4 filing with the SEC.

Summary

• On October 1, 2024, Theodore Blegen, the EVP and CFO of Monolithic Power Systems Inc. (MPWR), sold shares of the company's common stock.
• The sales were executed at various prices ranging from $892.66 to $925.12 per share.
• A total of 2,155 shares were sold, reducing Blegen's direct holdings to 59,178 shares.
• Blegen also indirectly owns 5,331 shares through an Irrevocable Trust FBO Theodore F. Blegen and another 5,331 shares through an Irrevocable Trust FBO Sarah N. Blegen.
• The sales were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to have pre-arranged trading plans to sell shares over time.

Stakeholder Impact

• The stock sale by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates