Shareholder in Magna International (NYSE: MGA) plans 33,885-share sale
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
A shareholder of Magna International Inc. filed a notice of proposed sale under Rule 144 to sell 33,885 shares of common stock through J.P. Morgan Securities LLC. The filing lists an aggregate market value of $2,275,414.29 for these shares, to be sold on the NYSE around February 17, 2026. The notice states that there were 281,814,257 common shares outstanding, providing context for the size of the planned sale.
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FAQ
What does the Form 144 filing for Magna International (MGA) disclose?
The filing discloses that a Magna International shareholder plans to sell 33,885 common shares. The proposed sale has an aggregate market value of $2,275,414.29 and is expected to occur on the NYSE around February 17, 2026.
What type of Magna International (MGA) securities are involved in this Form 144?
The Form 144 concerns Magna International’s common stock. The shareholder intends to sell 33,885 common shares via J.P. Morgan Securities LLC on the NYSE, with a reported aggregate market value of $2,275,414.29 at the time of the notice.