STOCK TITAN

Jagadeesh A. Reddy (MEC) sells 21,796 and 17,294 shares under 10b5-1

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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
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.
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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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.