Welcome to our dedicated page for MediaAlpha SEC filings (Ticker: MAX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MediaAlpha, Inc. filings document the operating results, governance structure and capital actions of a public insurance-technology marketplace company. Current reports furnish quarterly and annual financial releases, outlook materials, investor supplements and reconciliations for non-GAAP measures used in the company's disclosures.
The filing record also covers credit arrangements involving QuoteLab, LLC and QL Holdings LLC, share repurchase authorization, annual meeting voting results, Class A and Class B common stock voting matters, director elections and departures, executive compensation arrangements, by-law amendments, auditor ratification and proxy-statement governance disclosures.
MediaAlpha, Inc. held its 2026 annual stockholder meeting on May 5, 2026, with strong turnout as 54,039,026 shares were present, representing approximately 85.2% of shares entitled to vote. Stockholders elected Venmal (Raji) Arasu and Kathy Vrabeck as Class III directors for three-year terms ending at the 2029 annual meeting. Arasu received 47,039,778 votes in favor and Vrabeck received 42,090,865 votes in favor, each winning by more than a majority of votes cast.
Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 53,982,471 votes for, 51,004 against, and 5,551 abstentions.
White Mountains Insurance Group and its subsidiary WM Hinson (Bermuda) Ltd. report beneficial ownership of 17,856,614 MediaAlpha Class A shares, equal to 33.03% of the outstanding Class A stock. The change in percentage results from an updated MediaAlpha share count disclosed in a recent quarterly report, not from new share purchases or sales.
The filing also notes that White Mountains’s two designees on MediaAlpha’s board, Jennifer Moyer and Christopher Delehanty, have respectively decided not to stand for re‑election and to resign. White Mountains currently has no present intent to designate new directors to fill these vacancies.
MediaAlpha, Inc. director and officer Steven Yi reported open-market sales of Class A Common Stock over three days. He sold 33,663 shares on April 27 at a weighted-average price of $9.9883 per share, 6,565 shares on April 28 at $10.0001 per share, and 26,739 shares on April 29 at $9.9962 per share, for a total of 66,967 shares sold.
The filing states these sales were made under a previously adopted Rule 10b5-1 trading plan primarily to cover taxes from the vesting of restricted stock units. After the transactions, Yi directly holds 2,891,690 shares of MediaAlpha Class A Common Stock.
MediaAlpha, Inc. director Eugene Nonko reported open-market sales of 115,132 shares of Class A Common Stock at prices around $10 per share. The sales, spanning April 27–29, 2026, were executed under a Rule 10b5-1 trading plan primarily to cover taxes from vesting RSUs.
After these transactions, he continues to hold 959,775 Class A shares directly and 1,247,274 Class A shares indirectly through O.N.E. Holdings, LLC.
MediaAlpha, Inc. delivered strong Q1 2026 results, returning to profitability as revenue grew to $310.0M from $264.3M, a 17.3% increase. Growth was driven by property & casualty insurance revenue of $292.8M, up 31.2%, partially offset by a 67.1% decline in health insurance revenue as the company scaled back its under-65 health business.
Net income was $14.0M versus a $2.3M loss a year earlier, helped by higher gross profit and the absence of prior-year intangible write-offs and FTC reserve charges. Adjusted EBITDA rose to $31.4M, up 6.8%, while Contribution increased to $48.7M with a 15.7% Contribution Margin.
The company refinanced its credit facilities with a new $150.0M term loan and a $60.0M revolver maturing in 2031, ending the quarter with $26.1M in cash and $163.5M of total debt. It also repurchased 2,056,010 Class A shares for $20.3M under a $100.0M authorization and fully paid the remaining $11.5M of a $45.0M FTC settlement.
MediaAlpha, Inc. reported strong first-quarter 2026 results, with revenue of $310.0 million, up 17% year over year, driven mainly by property & casualty insurance advertising. Net income was $14.0 million, compared with a net loss of $2.3 million a year earlier, while Adjusted EBITDA rose to $31.4 million from $29.4 million.
Property & Casualty revenue was $292.8 million, or 94.4% of total revenue, as Health insurance revenue declined to $11.2 million. Gross margin slipped to 15.1% and Contribution Margin to 15.7%. The company refinanced its debt with a new $150 million term loan and $60 million revolver maturing in 2031.
MediaAlpha repurchased about 2.6 million shares for $25 million year to date, totaling 3.7 million shares under its $100 million program, representing 10% of outstanding shares. For Q2 2026, it guides revenue of $290–$310 million, Contribution of $45.5–$48.5 million, and Adjusted EBITDA of $28.0–$30.5 million, implying high-teens growth, especially excluding the under-65 Health business.
MediaAlpha, Inc. director and officer Steven Yi reported open-market sales of a total of 48,590 shares of Class A Common Stock over three days. He sold 28,543 shares on April 20 at a weighted-average price of $10.0555, 16,047 shares on April 21 at $10.0766, and 4,000 shares on April 22 at $9.8758 per share.
According to the filing, these sales were made under a previously adopted Rule 10b5-1 trading plan primarily to cover taxes from the vesting of RSUs. After the transactions, Yi directly holds 2,958,657 shares of Class A Common Stock.
MediaAlpha, Inc. director Eugene Nonko reported open-market sales of a total of 111,819 shares of Class A Common Stock on April 20–21, 2026 at weighted-average prices around $10.04–$10.09 per share.
The filing shows both direct and indirect transactions. Indirect sales were made through O.N.E. Holdings, LLC, while other shares were sold from his direct holdings. After these trades, he continues to hold 1,015,356 shares directly and 1,306,825 shares indirectly.
According to the footnotes, the sales were executed under a pre-established Rule 10b5-1 trading plan adopted primarily to cover taxes arising from the vesting of restricted stock units (RSUs), indicating these transactions were largely tax- and plan-driven rather than discretionary timing decisions.
MediaAlpha, Inc. reported proposed open-market sales by Eugene Nonko on a Form 144. The filing lists multiple sale dates from 01/20/2026 through 03/17/2026
The entries show repeated transfers of 12,100 shares on many dates and larger blocks including 108,003 shares for $1,080,792 on 03/02/2026 and 25,097 shares for $251,030 on 02/25/2026. The transactions are reported against MediaAlpha common stock and indicate equity compensation / RSU origins for some shares.
MediaAlpha insider Steven Yi reported multiple dispositions of Common Stock under Form 144. The filings list repeated sales between 01/20/2026 and 04/15/2026, including several 8,000-share trades and larger single-day dispositions (for example, 39,252 shares for $391,998 on 03/02/2026). The entries are labeled as equity compensation and restricted stock lapse activity.