Form 4: Monolithic Power Systems Executive Transfers Shares to Family Trust
SEC Form 4 Filing
Maurice Sciammas, EVP of WW Sales & Marketing at Monolithic Power Systems, transferred shares to the Sciammas Family Trust via gifts from various GRATs.
Summary
- On May 13, 2024, Maurice Sciammas, EVP of WW Sales & Marketing at Monolithic Power Systems, engaged in transactions involving the transfer of common stock.
- Sciammas transferred 1,892 shares from a Sciammas GRAT to the Sciammas Family Trust.
- An additional 1,590 shares were transferred from the Christina Sciammas GRAT for Oski Crew to the Sciammas Family Trust.
- Another 1,590 shares were transferred from the Maurice Sciammas GRAT for Oski Crew to the Sciammas Family Trust.
- The Sciammas Family Trust received 5,072 shares as gifts from a Sciammas GRAT and two Sciammas GRATs for Oski Crew.
- No funds were exchanged, and no sale of shares occurred during these transfers.
- Following these transactions, Sciammas directly owns 129,875 shares of common stock.
- Sciammas also indirectly owns shares through various trusts, including the Sciammas Trust 2020 (23,015 shares), Clement Sciammas Family 2021 Trust (5,000 shares), Peter Rafferty and Eric Toothill 2021Trust (2,000 shares), Rosalind Sciammas Family 2021 Trust (2,000 shares), The Joseph Roger Sciammas 2020 Irrevocable Trust (1,699 shares), The Chloe Liliane Sciammas 2020 Irrevocable Trust (1,699 shares), and The Patrick Francis Sciammas 2020 Irrevocable Trust (1,699 shares).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing share transfers. It doesn't convey any strong positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and doesn't necessarily indicate a significant shift in company strategy or performance. It reflects personal financial planning by the executive.
Related Party Transactions
- The transactions involve transfers between Sciammas' GRATs and the Sciammas Family Trust, indicating related-party dealings.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they represent internal transfers for estate planning purposes.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of the share transfer transactions |
| 05/15/2024 | Date of signature by attorney-in-fact |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.