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

Role
Sr. V.P.of Sales and Marketing
Signature
/s/ Saria Tseng, attorney-in-fact for Mr. Maurice Sciammas
Issuer symbol
MPWR
Transactions as of
06 Feb 2023
Transactions value $
-$323,087
Form type
4
Filing time
08 Feb 2023, 17:54:42 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 -$323,087 -723 -0.37% $446.87 192,133 06 Feb 2023 Direct F1
transaction MPWR Common Stock Award $0 +34,740 +18.08% $0 226,873 07 Feb 2023 Direct F2
holding MPWR Common Stock 13,502 06 Feb 2023 by Family Trust
holding MPWR Common Stock 19,458 06 Feb 2023 Christina Sciammas Trust FBO Oski Crew
holding MPWR Common Stock 19,458 06 Feb 2023 Maurice Sciammas Trust FBO Oski Crew
holding MPWR Common Stock 2,000 06 Feb 2023 Rosalind Sciammas Family 2021 Trust
holding MPWR Common Stock 23,015 06 Feb 2023 By Sciammas Trust 2020
holding MPWR Common Stock 26,700 06 Feb 2023 By GRAT
holding MPWR Common Stock 1,699 06 Feb 2023 The Chloe Liliane Sciammas 2020 Irrevocable Trust
holding MPWR Common Stock 1,699 06 Feb 2023 The Joseph Roger Sciammas 2020 Irrevocable Trust
holding MPWR Common Stock 5,000 06 Feb 2023 Clement Sciammas Family 2021 Trust
holding MPWR Common Stock 2,000 06 Feb 2023 Peter Rafferty and Eric Toothill 2021Trust
holding MPWR Common Stock 1,699 06 Feb 2023 The Patrick Francis Sciammas 2020 Irrevocable 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 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.