McAfee (MCFE) 10% owner GIC Private sold 24,411,754 shares for $635M at $26.00
Insider transactions reported
GIC Private Ltd (10% owner at McAfee Corp., MCFE) reported that they sold 24,411,754 shares for $635M at $26.00 on Mar 1, 2022. After these transactions the filing shows 0 shares held indirectly (See footnotes).
- Reporting person
- GIC Private Ltd
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Mar 1, 2022 | Open-market sale (S) | Class A Common Stock1, 2 | -24,411,754 | $26.00 | $635M | 0 indirect |
Holdings before and after
- Class A Common Stock: 24,411,754 to 0 indirect, See footnotes
Footnotes from the filing
- 1. These shares of the Issuer's Class A Common Stock ( Shares ) are owned directly by Snowlake Investment Pte Ltd ( Snowlake ). Snowlake is controlled and managed by GIC Special Investments Pte Ltd ( GIC SI ), which in turn is a wholly-owned subsidiary of GIC Private Ltd ( GIC ). As such, each of Snowlake, GIC SI and GIC may be deemed to share the power to vote and the power to dispose of these Shares.
- 2. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
FAQ
What did GIC Private report in this MCFE Form 4?
GIC Private Ltd (10% owner at McAfee Corp., MCFE) reported that they sold 24,411,754 shares for $635M at $26.00 on Mar 1, 2022. After these transactions the filing shows 0 shares held indirectly (See footnotes).
How many MCFE shares does GIC Private hold after this filing?
The filing shows 0 shares held indirectly (See footnotes) after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this MCFE insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for MCFE
Earlier insider filings at MCFE
- Mar 3, 2022SEC Form 4: Cranston Mary B returned 69,003 shares to the company, closing all direct ownership in the company
- Mar 3, 2022SEC Form 4: Leav Peter converted options into 1,351,245 shares, was granted 329,285 shares and returned 3,591,082 shares to the company, closing all direct ownership in the company
- Mar 3, 2022SEC Form 4: Bright Gunther returned 7,575 shares to the company, closing all direct ownership in the company
- Mar 3, 2022SEC Form 4: Willard Elizabeth Kathleen returned 45,539 shares to the company, closing all direct ownership in the company
- Mar 3, 2022SEC Form 4: Rollins Emily returned 6,878 shares to the company, closing all direct ownership in the company
- Market cap
- 30-day
- Sector
- Technology
- Industry
- Computer Software: Prepackaged Software
- Listed since
- 2020
Follow MCFE and get a push notification the moment its next story breaks.