Allegro (ALGM) SVP Richard Madormo Sells 5,000 Shares

What Happened

• Richard Madormo, SVP, Worldwide Sales at Allegro Microsystems (ALGM), disposed of 5,000 shares in an open-market sale on 2026-06-03.
• The shares were sold at $52.72 each, for a total proceeds of approximately $263,600. This was a sale (not a purchase or option exercise), which is often routine liquidity rather than a stated signal about company prospects.

Key Details

• Transaction date: 2026-06-03; Filing date: 2026-06-04 (appears timely).
• Price per share: $52.72; Total proceeds: ~$263,600.
• Shares owned after transaction: not provided in the supplied data (refer to the full Form 4 for post-transaction holdings).
• No footnotes provided in the summary data about a 10b5-1 plan, tax withholding, or cashless exercise.

Context

• Sales by executives can be for many personal reasons (diversification, taxes, liquidity) and do not by themselves indicate a change in company fundamentals. Purchases generally carry more weight for inferring insider confidence. For full context, check Allegro’s complete Form 4 filing (Accession 0001193125-26-257433) for holdings and any additional disclosures.