Director Szabo Shandell sells 11,731 Magnolia Oil & Gas (MGY) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magnolia Oil & Gas Corp director Szabo Shandell sold 11,731 shares of Class A Common Stock in an open-market transaction. The weighted average sale price was $31.981 per share, with individual trade prices ranging from $31.9801 to $31.99. After this sale, Shandell directly holds 14,304 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,731 shares ($375,169)
Net Sell
1 txn
Insider
Szabo Shandell
Role
Director
Sold
11,731 shs ($375K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 11,731 | $31.981 | $375K |
Holdings After Transaction:
Class A Common Stock — 14,304 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 11,731 shares
Weighted average sale price: $31.981 per share
Price range of trades: $31.9801–$31.99 per share
+1 more
4 metrics
Shares sold
11,731 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$31.981 per share
Price for sold Magnolia Oil & Gas shares
Price range of trades
$31.9801–$31.99 per share
Range for multiple transactions in the sale
Shares owned after transaction
14,304 shares
Director’s direct holdings following the sale
Key Terms
open-market sale, weighted average price, Class A Common Stock
3 terms
open-market sale financial
"The transaction is identified as an open-market sale of Class A Common Stock."
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.
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.
Class A Common Stock financial
"The security title is listed as Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Magnolia Oil & Gas (MGY) report on this Form 4?
Magnolia Oil & Gas reported that director Szabo Shandell completed an open-market sale of 11,731 shares of Class A Common Stock. This transaction is disclosed on Form 4 to show changes in the director’s direct ownership position in the company’s equity.
Was the Magnolia Oil & Gas (MGY) insider trade a market sale or another type of transaction?
The Form 4 identifies the transaction as an open-market sale of Class A Common Stock, coded “S.” This indicates shares were sold into the market or via a private sale, rather than being related to option exercises, gifts, tax withholding, or internal restructurings.
Does the Magnolia Oil & Gas (MGY) Form 4 mention a trading plan for this insider sale?
The provided Form 4 excerpt does not reference a Rule 10b5-1 trading plan. The sole footnote instead explains that the $31.981 price is a weighted average across multiple trades between $31.9801 and $31.99 per share, with detailed trade data available on request.