McGrath RentCorp (MGRC) CAO reports open-market sale of 539 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGrath RentCorp SVP and Chief Accounting Officer David M. Whitney reported an indirect sale of 539 shares of Common Stock on May 15, 2026. The shares, held in a spouse's account, were sold in open-market transactions at a weighted average price of about $115.00 per share, leaving 10,316 indirectly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 539 shares ($61,985)
Net Sell
1 txn
Insider
Whitney David M
Role
SVP, Chief Accounting Officer
Sold
539 shs ($62K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 539 | $115.0003 | $62K |
Holdings After Transaction:
Common Stock — 10,316 shares (Indirect, Spouse's Holding)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 539 shares
Weighted average sale price: $115.0003 per share
Shares owned after sale: 10,316 shares
+1 more
4 metrics
Shares sold
539 shares
Common Stock sold May 15, 2026 in open-market transactions
Weighted average sale price
$115.0003 per share
Average price for 539 shares sold, with trades from $115.00 to $115.16
Shares owned after sale
10,316 shares
Indirectly owned Common Stock following the transaction
Net shares sold
539 shares
Net-sell direction in transaction summary
Key Terms
open-market sale, indirect ownership, weighted average price
3 terms
open-market sale financial
"transaction_action: "open-market sale" for the Common Stock transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect is "I" and nature_of_ownership is "Spouse's Holding""
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transaction did MGRC executive David M. Whitney report on this Form 4?
David M. Whitney reported an indirect sale of 539 shares of McGrath RentCorp Common Stock. The transaction involved shares held in his spouse’s account and was executed as an open-market sale, reducing but not eliminating his indirect ownership position in the company.
Is the MGRC Form 4 transaction by David M. Whitney a direct or indirect holding?
The Form 4 classifies the transaction as involving indirect ownership through a spouse’s holding. This means the shares are in the spouse’s account rather than David M. Whitney’s direct name, but they are still reported as part of his overall beneficial ownership position.
What does the weighted average price disclosure mean in the MGRC Form 4 filing?
The weighted average price indicates the 539 shares were sold in multiple trades between $115.00 and $115.16 per share. The reported $115.0003 figure averages those executions, and the reporting person offers to supply full trade-by-trade details to interested parties who request them.