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

Signature
/s/ Saria Tseng
Stock symbol
MPWR
Transactions as of
Feb 6, 2023
Transactions value $
-$323,094
Form type
4
Date filed
2/8/2023, 05:55 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 -$323K -723 -0.29% $446.88 248K Feb 6, 2023 Direct F1
transaction MPWR Common Stock Award $0 +34.7K +14% $0.00 283K Feb 7, 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.