Steve Sanghi (MCHP) acquires ESPP shares through entities
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Microchip Technology President, CEO and Chair Steve Sanghi reported an acquisition of 580 shares of common stock on March 2, 2026 through an employee stock purchase plan. The shares were acquired at a price of $49.2575 per share under the 2001 Employee Stock Purchase Plan.
Following this transaction, Sanghi is shown as indirectly owning 9,912,386 shares of Microchip Technology common stock, including 4,006,514 shares held by The Sanghi Trust and 5,905,872 shares held by The Sanghi Family Limited Partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sanghi Steve
Role
President, CEO and Chair of Bd
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 580 | $49.2575 | $29K |
Holdings After Transaction:
Common Stock — 9,912,386 shares (Indirect, Shares held Indirectly, by Trust and by Family Limited Partnership.)
Footnotes (1)
- Shares were acquired under the Microchip Technology Incorporated 2001 Employee Stock Purchase Plan on March 2, 2026, in an exempt transaction pursuant to Rule 16(b)-3(d), paid for by contributions made during the six month period ended February 27, 2026. Of the 9,912,386 shares held, 4,006,514 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
FAQ
What insider transaction did Microchip Technology (MCHP) report for Steve Sanghi?
Microchip Technology reported that Steve Sanghi acquired 580 shares of common stock on March 2, 2026. The acquisition was through the 2001 Employee Stock Purchase Plan at a price of $49.2575 per share, treated as an exempt transaction under Rule 16(b)-3(d).
What does the Form 4 transaction code mean for the MCHP filing?
The Form 4 uses transaction code “A,” indicating a grant, award, or other acquisition of shares. For this Microchip Technology filing, the code reflects shares acquired under an employee stock purchase plan rather than an open-market purchase or sale transaction.