Director Susan Lynch Files Intent to Sell $759K in Allegro MicroSystems Stock

summarizeSummary

Director Susan Lynch has filed a Form 144 indicating her intent to sell 16,711 shares of Allegro MicroSystems stock, valued at approximately $759,624.

check_boxKey Events

• Director Files Intent to Sell

  Director Susan D Lynch filed a Form 144 to sell 16,711 shares of common stock.

• Proposed Sale Value

  The shares are valued at approximately $759,624.79.

• Insider Distribution Trend

  This filing adds to a pattern of insider distribution, with over $2.2 million in net insider sales over the past 90 days.

auto_awesomeAnalysis

This Form 144 indicates a director's intent to sell a substantial amount of company stock. While the percentage of the company's market cap is small, the nearly $760,000 transaction value is a significant personal divestment for a key insider. This action contributes to a recent trend of insider distribution within the company.