Madrigal officer proposes $431K share sale

The notice also reports that Officer Shannon Kelley sold 664 common shares on August 17, 2026, for an aggregate market value of $341,940.08.

Available on EDGAR 11/06/2026 - 04:27 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:27 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Madrigal Pharmaceuticals, Inc. (MDGL) officer Shannon Kelley reported a proposed sale of 1,077 common shares, with an approximate sale date of November 6, 2026. Kelley acquired the shares upon vesting of restricted stock units during March 5 through August 15, 2026. The notice lists an aggregate market value of $430,907.70 for the proposed sale.

Key Figures

Proposed sale: 1,077 shares Aggregate market value: $430,907.70 Common shares outstanding: 23,229,561 shares +2 more

5 metrics

Proposed sale 1,077 shares Common shares; approximate sale date November 6, 2026

Aggregate market value $430,907.70 Proposed sale

Common shares outstanding 23,229,561 shares As of November 6, 2026

Shares sold 664 shares August 17, 2026

Aggregate market value $341,940.08 Sale on August 17, 2026

Key Terms

restricted stock units, vesting, Rule 144

3 terms

restricted stock units financial

"acquired upon the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting financial

"securities to be sold were acquired upon the vesting"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Rule 144 regulatory

"the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MDGL shares did Shannon Kelley propose to sell?

Shannon Kelley reported a proposed sale of 1,077 common shares, with an approximate sale date of November 6, 2026. The notice lists an aggregate market value of $430,907.70 for the proposed sale.

What MDGL shares did Shannon Kelley sell in the prior three months?

Shannon Kelley reported selling 664 common shares on August 17, 2026, with an aggregate market value of $341,940.08.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002034056
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	MADRIGAL PHARMACEUTICALS, INC.
SEC File Number	001-33277
Address of Issuer	1001 Conshohocken State Road West Conshohocken PENNSYLVANIA 19428
Phone	2678242827
Name of Person for Whose Account the Securities are To Be Sold	SHANNON KELLEY
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1077	430907.70	23229561	11/06/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/05/2026	Restricted Stock Units	Issuer			1077	03/05/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
SHANNON KELLEY 1001 Conshohocken State Road West Conshohocken PA 19428	Common	08/17/2026	664	341940.08

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of restricted stock units during the period of 3/5/2026 through 8/15/2026.
Date of Notice	11/06/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	07/31/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Shannon Kelley
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)