Form 4: Power Integrations VP of Operations, Sunil Gupta, Sells Shares
SEC Form 4
Sunil Gupta, VP of Operations at Power Integrations, sold 4,512 shares of common stock on May 22, 2024, at a price of $78.25 per share.
Summary
- On May 22, 2024, Sunil Gupta, the VP of Operations at Power Integrations Inc., sold 4,512 shares of the company's common stock.
- The sale was executed at a price of $78.25 per share.
- Following the transaction, Gupta directly owns 53,861 shares of Power Integrations common stock.
Sentiment
Score: 5
Explanation: The document simply reports a stock sale by an executive, which is a neutral event. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects. However, without additional context, it's difficult to determine the specific reasons behind this sale.
Stakeholder Impact
- The sale of shares by a company executive could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Sunil Gupta sold shares of Power Integrations stock. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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