Microchip CEO Plans Major Stock Sale, Still Major Shareholder After Cashing Out Billions

Microchip Technology Incorporated (NASDAQ: MCHP) CEO Steve Sanghi sold approximately $36.9 million worth of shares on the open market on April 23—equivalent to about KRW 500 billion—and followed up with roughly $10 million in additional disposals on April 30 and May 1. These transactions were carried out under a pre-arranged Rule 10b5-1 trading plan established in June 2025. Filings show that Sanghi still indirectly holds about 9.4 million shares through a family trust and family partnership.

On May 15, insider Matthew W. Chapman sold 10,000 shares on the open market, realizing about $950,000 (approximately KRW 1.3 billion). That sale was executed at his discretion rather than as part of a compensation grant.

On May 7, Microchip announced its fiscal 2026 fourth-quarter and full-year results, reporting revenue of $1.311 billion—above the high end of its guidance—and declared a quarterly cash dividend of $0.455 per share on common stock.

On May 26, the company launched a new 3.3 kV HV-D3 SiC power module designed to enable solid-state transformers for AI data centers. Two days later, it previewed an executive presentation at the TD Cowen Annual TMT Conference, continuing its investor outreach.

Headquartered in Chandler, Arizona, Microchip Technology supplies embedded control solutions—microcontrollers, analog, and power semiconductors—to a broad range of automotive, industrial and communications equipment customers.

Steve Sanghi has led the company since the early 1990s. At the end of 2024, he reassumed the roles of CEO and president to drive Microchip’s recovery strategy and remains a significant shareholder after more than 30 years at the helm.