Form 4: Monolithic Power Systems EVP Sells Shares to Cover Taxes

Maurice Sciammas, EVP of Worldwide Sales & Marketing at Monolithic Power Systems, sold 662 shares of common stock on February 10, 2025, to cover taxes upon the vesting of restricted stock units.

Summary

• On February 10, 2025, Maurice Sciammas, the EVP of Worldwide Sales & Marketing at Monolithic Power Systems Inc. (MPWR), sold 662 shares of common stock.
• The sale was executed at a price of $717.1006 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, Sciammas directly owns 102,301 shares of Monolithic Power Systems Inc.
• Sciammas also has indirect ownership through various family trusts and GRATs.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity.

Stakeholder Impact

• The sale could have a minor, temporary impact on shareholders due to the increased supply of shares, but it's unlikely to be significant given the relatively small volume.

Key Dates

Keywords

MPWR, Monolithic Power Systems, Maurice Sciammas, stock sale, EVP, insider trading, Form 4, equity incentive plan, restricted stock units, tax obligations