Monolithic Power Systems Inc (NASDAQ:MPWR) Director Victor K. Lee has sold 1,000 shares of the company’s common stock, according to a recent SEC filing. The transaction, dated June 28, 2024, was executed at a price of $820.46 per share, for a total value of $820,460.
The sale by Lee, who serves as a director of the semiconductor company, was reported in a Form 4 filing with the Securities and Exchange Commission. After the transaction, Lee’s direct ownership of Monolithic Power Systems is 29,232 shares.
Monolithic Power Systems, based in Kirkland, Washington, is known for its specialty in semiconductors and related devices. The sale is part of routine disclosures that directors and officers of public companies are required to make about their holdings in the company.
Investors often monitor insider transactions because they can provide insights into a company’s performance and the level of confidence in its executives and directors. Transactions are made public to ensure transparency and compliance with federal securities regulations.
The document was signed by Attorney Saria Tseng on behalf of Mr. Lee, indicating that the director has authorized the attorney to execute such transactions. It is common for officers and directors to prepare such powers of attorney for the convenience and efficiency of managing their stock transactions.
For further details and updates on Monolithic Power Systems Inc. insider transactions, investors should consult the company’s filings with the SEC.
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