Michael Hsing - Feb 6, 2023 Form 4 Insider Report for MONOLITHIC POWER SYSTEMS INC (MPWR)

Signature
/s/ Saria Tseng, attorney-in-fact for Mr. Michael R. Hsing
Stock symbol
MPWR
Transactions as of
Feb 6, 2023
Transactions value $
-$1,649,434
Form type
4
Date filed
2/8/2023, 05:54 PM
Previous filing
Jan 5, 2023
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPWR Common Stock Sale -$1.65M -3.69K -0.38% $446.88 977K Feb 6, 2023 Direct F1
transaction MPWR Common Stock Award $0 +113K +11.55% $0.00 1.09M Feb 7, 2023 Direct F2
holding MPWR Common Stock 133K Feb 6, 2023 by M Hsing 04 Trust
holding MPWR Common Stock 12.8K Feb 6, 2023 ZH Family 2020 Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported sales were to cover taxes upon the vesting of restricted stock units, as required by the Company's equity incentive plan.
F2 On February 2, 2021, the reporting person was granted a target of 37,613 shares of restricted stock units, with the right to earn up to 300% of the target shares, subject to satisfaction of pre-determined, performance-based vesting criteria. On February 7, 2023, the Company's Compensation Committee of the Board of Directors determined and approved the achievement of the performance criteria for the restricted stock units, which resulted in 75,226 additional shares being earned by the reporting person. Of the 112,839 restricted stock units that were awarded, 56,420 will vest immediately and 56,419 will vest quarterly in the next two years.