Saria Tseng - 06 Feb 2023 Form 4 Insider Report for MONOLITHIC POWER SYSTEMS INC (MPWR)

Role: VP & General Counsel
Signature: /s/ Saria Tseng
Issuer symbol: MPWR
Transactions as of: 06 Feb 2023
Net transactions value: -$323,094
Form type: 4
Filing time: 08 Feb 2023, 17:55:06 UTC
Previous filing: 05 Jan 2023
Next filing: 10 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MPWR	Common Stock	Sale	$323,094	-723	-0.29%	$446.88	248,181	06 Feb 2023	Direct	F1
transaction	MPWR	Common Stock	Award	$0	+34,740	+14%	$0.000000	282,921	07 Feb 2023	Direct	F2

* 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 11,580 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 23,160 additional shares being earned by the reporting person. Of the 34,740 restricted stock units that were awarded, 17,370 will vest immediately and 17,370 will vest quarterly in the next two years.

Content

The reported sales were to cover taxes upon the vesting of restricted stock units, as required by the Company's equity incentive plan.

On February 2, 2021, the reporting person was granted a target of 11,580 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 23,160 additional shares being earned by the reporting person. Of the 34,740 restricted stock units that were awarded, 17,370 will vest immediately and 17,370 will vest quarterly in the next two years.