Sanghi Steve 4

What Happened

• Steve Sanghi, President, CEO and Chairman of Microchip Technology (MCHP), exercised/converted derivative awards on May 15, 2026, resulting in the acquisition of 41,903 shares through multiple exercises/conversions at an exercise price of $93.85. The reported cash paid for the exercises was $3,932,598. To cover tax and exercise obligations, 17,330 shares were surrendered/withheld (payment code F) with a reported value of $1,626,420, leaving a net delivery of 24,573 shares to Mr. Sanghi. Several awards (PSUs/RSUs) also vested and were delivered the same day per the footnotes.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (timely).
• Exercise price(s): $93.85 per share for the exercised options/conversions.
• Gross shares acquired (M): 41,903; shares disposed/withheld for taxes (F): 17,330; net shares received: 24,573.
• Cash paid for exercises: $3,932,598; value of shares withheld for taxes: $1,626,420.
• Shares owned after transactions: 9,410,407 total (3,504,535 held by The Sanghi Trust; 5,905,872 held by The Sanghi Family Limited Partnership) per the filing.
• Notable footnotes: PSUs and RSUs vested on May 15, 2026 and vested shares were delivered to the reporting person (footnotes F11, F12, F13). Tax withholding was effected via share surrender (code F).

Context

• Code M indicates exercise/conversion of derivative securities (options/PSUs/RSUs); code F indicates shares surrendered to satisfy exercise price or tax withholding. This filing reflects exercising/conversion and routine withholding rather than open-market sales. No open-market sale of remaining shares was reported here. The Form 4 was filed within the SEC’s two-business-day window.