Jagadeesh A. Reddy (MEC) sells 21,796 and 17,294 shares under 10b5-1
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Jagadeesh A. Reddy submitted a Form 144 notice relating to proposed sales of Common Stock. The record shows prior 10b5-1 sales of 17,294 shares on 06/01/2026 for $518,821.73 and 21,796 shares on 05/07/2026 for $564,995.91. The filing also lists 1,300 Restricted Stock Units dated 07/19/2024.
Positive
- None.
Negative
- None.
Insights
Routine Form 144 notice tied to prior 10b5-1 sales; regulatory disclosure of transactions.
The filing lists two completed 10b5-1 sales on 05/07/2026 and 06/01/2026 with proceeds of $564,995.91 and $518,821.73
These entries are typical notifications under resale rules; cashflow treatment and any remaining planned sales are not detailed in the provided excerpt.
Key Figures
10b5-1 sale on 05/07/2026: 21,796 shares
10b5-1 sale on 06/01/2026: 17,294 shares
Restricted Stock Units: 1,300 units
+1 more
4 metrics
10b5-1 sale on 05/07/2026
21,796 shares
proceeds $564,995.91
10b5-1 sale on 06/01/2026
17,294 shares
proceeds $518,821.73
Restricted Stock Units
1,300 units
grant date 07/19/2024
Form filing date
06/08/2026
date shown in securities information
Key Terms
10b5-1, Restricted Stock Units, Form 144
3 terms
10b5-1 regulatory
"10b5-1 Sales for JAGADEESH A REDDY 135 S. 84th Street"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
Restricted Stock Units financial
"Restricted Stock Units | Issuer | 1300 | 07/19/2024"
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.
Form 144 regulatory
"Filer Information | 144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
FAQ
What did Jagadeesh A. Reddy report on Form 144 for MEC?
He reported proposed sales of Common Stock and disclosed prior 10b5-1 sales. The filing shows 21,796 shares sold on 05/07/2026 and 17,294 shares sold on 06/01/2026.
How much cash did the 10b5-1 sales generate according to the filing?
The excerpt lists proceeds of $564,995.91 for the 05/07/2026 sale and $518,821.73 for the 06/01/2026 sale, as shown in the filing.
Were any equity awards mentioned in the Form 144 excerpt for MEC?
Yes. The filing lists 1,300 Restricted Stock Units with a grant date of 07/19/2024, identified as Restricted Stock Units under the Securities To Be Sold section.
Does the Form 144 excerpt state who handled the sales?
The excerpt identifies Morgan Stanley Smith Barney LLC Executive Financial Services in the securities information section; specific broker-dealer roles for each sale are not detailed in the excerpt.