Form 4: Monolithic Power Systems Executive VP Deming Xiao Sells Shares to Cover Taxes

Deming Xiao, Executive VP of Global Operations at Monolithic Power Systems, sold 869 shares of common stock on May 8, 2024, to cover taxes upon the vesting of restricted stock units.

Summary

• On May 8, 2024, Deming Xiao, Executive VP of Global Operations at Monolithic Power Systems (MPWR), sold 869 shares of common stock at a price of $690.02 per share.
• The sale was executed to cover taxes associated with the vesting of restricted stock units, as required by the company's equity incentive plan.
• Following the transaction, Mr. Xiao directly owns 207,747 shares of Monolithic Power Systems common stock.
• Mr. Xiao also indirectly owns 3,391 shares through the Christopher Chao Xiao Trust and 455 shares through his spouse.
• The ending balance includes 36 shares acquired on February 15, 2024, through the company's qualified ESPP program.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction appears to be a routine sale to cover tax obligations.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. Monitoring these transactions can provide insights into executive sentiment and potential future stock performance, although this particular sale appears routine.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates