Microchip CEO Sells Stake Worth 50 Billion Won, Additional Sales Planned as per Pre-Arranged Strategy

Steve Sanghi, President, Chief Executive Officer and Chairman of the Board of Microchip Technology Inc. (NASDAQ: MCHP), disclosed on April 23 that, under a pre-arranged Rule 10b5-1 trading plan, he sold approximately 416,000 shares of common stock on the open market, raising about $36.9 million (roughly KRW 50 billion). He followed up on April 30 and May 1 with additional tranche sales of around 100,000 shares under the same plan, netting just under $100 million (around KRW 100 billion). Despite these dispositions, Sanghi still maintains a significant indirect stake through various trusts and family partnerships.

On May 15, a portion of the restricted stock units (RSUs) and performance stock units (PSUs) awarded to Chief Operating Officer Richard J. Simon vested. Approximately 6,000 shares were converted into common stock held in trust, and related tax withholding and a small sale were reported—transactions that reflect routine equity‐compensation settlements.

In its fiscal 2026 fourth-quarter earnings released May 7, Microchip reported revenue of $1.311 billion, up more than 35 percent year-over-year and above its own guidance. On the same day, the board declared a quarterly dividend of $0.455 per share, payable June 5.

Recently, the company entered a partnership with NASA to develop next-generation system-on-chip solutions for spaceflight, including high-performance, radiation-hardened processors designed for extended missions on the Moon, Mars and beyond.

Headquartered in Chandler, Arizona, Microchip Technology is a Nasdaq-listed semiconductor company that provides embedded control solutions worldwide—ranging from microcontrollers to analog and interface chips. Steve Sanghi, who has led the company for many years, continues to hold substantial economic interests through his remaining indirect holdings after implementing the 10b5-1 sales plan.