James Eric Bjornholt - May 23, 2023 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
May 23, 2023
Transactions value $
-$193,450
Form type
4
Date filed
5/24/2023, 07:49 PM
Previous filing
May 17, 2023
Next filing
Jul 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Sale -$193K -2.47K -7.16% $78.32 32K May 23, 2023 Shares held Indirectly, by Trust. F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale(s) reported in this Form 4 was/were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 24, 2022.