Form 4: Monolithic Power Systems EVP and CFO Theodore Blegen Sells Shares to Cover Taxes

Theodore Blegen, EVP and CFO of Monolithic Power Systems, sold 728 shares of common stock on August 8, 2024, to cover taxes upon the vesting of restricted stock units.

Summary

• Theodore Blegen, the EVP and CFO of Monolithic Power Systems Inc. (MPWR), sold 728 shares of common stock on August 8, 2024.
• The sale was executed at a price of $778.39 per share.
• The transaction was conducted to cover taxes associated with the vesting of restricted stock units, as required by the company's equity incentive plan.
• Following the transaction, Blegen directly owns 64,178 shares of common stock.
• 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: 6

Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations. It doesn't indicate a strong positive or negative view of the company.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This is a routine disclosure of an insider stock sale to cover tax obligations, which is a common practice among executives receiving equity compensation. It doesn't necessarily reflect a negative outlook on the company's prospects.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it's a small percentage of the total outstanding shares.

Key Dates