Form 4: Monolithic Power Systems EVP, WW Sales & Marketing, Maurice Sciammas, Reports Stock Transfers to Family Trust

Maurice Sciammas, EVP at Monolithic Power Systems, reports the transfer of shares from GRATs to a family trust, along with other holdings.

Summary

• Maurice Sciammas, an EVP at Monolithic Power Systems, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates a transfer of 1,102 shares from Siblings 2021 GRATs to the Sciammas Family Trust, for which Sciammas serves as trustee.
• No funds were exchanged, and no sale of shares occurred during this transfer.
• Sciammas directly owns 102,325 shares of common stock.
• Sciammas indirectly owns shares through various trusts, including the Maurice Sciammas Trust FBO Oski Crew (10,899 shares), The Chloe Liliane Sciammas 2020 Irrevocable Trust (1,699 shares), Christina Sciammas Trust FBO Oski Crew (10,899 shares), Rosalind Sciammas Family 2021 Trust (2,000 shares), Clement Sciammas Family 2021 Trust (5,000 shares), By Sciammas Trust 2020 (16,015 shares), The Patrick Francis Sciammas 2020 Irrevocable Trust (1,699 shares), Peter Rafferty and Eric Toothill 2021Trust (2,000 shares), and The Joseph Roger Sciammas 2020 Irrevocable Trust (1,699 shares).
• The ending balance includes 24 shares acquired on February 17, 2025, through the company's qualified ESPP program.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, indicating standard transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and major shareholders. This filing indicates internal movements of shares within trusts controlled by the reporting person.

Related Party Transactions

• The transfer of shares between the Siblings 2021 GRATs and the Sciammas Family Trust, both of which Maurice Sciammas serves as trustee, constitutes a related party transaction.

Stakeholder Impact

• The reported transactions are unlikely to have a significant impact on stakeholders, as they represent internal transfers within trusts controlled by a company executive.

Key Dates

Keywords

Form 4, beneficial ownership, stock transfer, Sciammas, MPWR, Monolithic Power Systems, GRAT, trust