Doogue Michael 4
Research Summary
AI-generated summary
Allegro (ALGM) CEO Michael Doogue Sells 30,089 Shares
What Happened Michael C. Doogue, President, Chief Executive Officer and a Director of Allegro MicroSystems, sold 30,089 shares in an open‑market sale on May 11, 2026. The securities were sold at a weighted average price of $47.23, with prices in the range $47.20–$47.44, producing proceeds of approximately $1,421,251. This was a sale (S) — not a purchase or exercise — and is typically a routine disposition rather than a bullish signal.
Key Details
- Transaction date: May 11, 2026; Form 4 filed May 13, 2026 (timely filing).
- Shares sold: 30,089; weighted average price reported: $47.23; price range: $47.20–$47.44.
- Proceeds: ~ $1,421,251 (gross).
- Shares owned after transaction: not specified in the filing; filing’s beneficial‑ownership note is below.
- Footnote F1: weighted average price reported; seller will provide breakdown of number of shares sold at each separate price upon request.
- Footnote F2: filing reflects a prior change in form of beneficial ownership — 36,800 shares were transferred from Doogue’s direct holdings to the Michael C. Doogue Revocable Trust of 2015 on May 20, 2025.
Context
- This was an open‑market sale by an executive; such sales often reflect personal liquidity needs or portfolio management and are not, by themselves, proof of company prospects.
- The filing does not report any option exercises, gifts, or 10b5‑1 plan notation for this transaction.