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McAfee (MCFE) 10% owner GIC Private sold 24,411,754 shares for $635M at $26.00

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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
Common stock and other non-derivative transactions
DateTypeSecuritySharesPriceValueHeld after
Mar 1, 2022Open-market sale (S)Class A Common Stock1, 2-24,411,754$26.00$635M0 indirect

Holdings before and after

  • Class A Common Stock: 24,411,754 to 0 indirect, See footnotes

Footnotes from the filing

  1. 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. 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

Quantisnow market dataNASDAQ
McAfee Corp. logo
MCFE
McAfee Corp.
Market cap
30-day
Sector
Technology
Industry
Computer Software: Prepackaged Software
Listed since
2020
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