Form 4: Monolithic Power Systems EVP and CFO Theodore Blegen Sells Shares
SEC Form 4
Theodore Blegen, EVP and CFO of Monolithic Power Systems, sold a total of 2,500 shares of common stock on August 1, 2024, at prices ranging from $842.43 to $859.12.
Summary
- On August 1, 2024, Theodore Blegen, the EVP and CFO of Monolithic Power Systems Inc. (MPWR), sold 2,500 shares of the company's common stock.
- The sales were executed in multiple transactions at varying prices, ranging from $842.43 to $859.12 per share.
- Following these transactions, Blegen directly owns 64,906 shares of Monolithic Power Systems Inc.
- 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.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard disclosure of stock sales by an executive.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some investors, potentially leading to slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of the stock sale transactions. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
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