AG Mortgage (MITT) Insider Moves 34k Shares Into IRA; Weighted Avg ~$7.31
Rhea-AI Filing Summary
Matthew Jozoff, a director of AG Mortgage Investment Trust, Inc. (MITT), reported related transactions dated 08/21/2025 that moved shares between his brokerage account and his IRA. The Form 4 shows a sale of 34,000 shares at a weighted average price of $7.2956 (range $7.2562–$7.32) recorded as a disposal that left him with 45,355 shares, and a contemporaneous purchase of 34,000 shares at a weighted average price of $7.313 (range $7.2950–$7.3398) resulting in 79,355 shares beneficially owned after the reported transactions. The explanatory note states these trades were effectuated to transfer shares into the Reporting Person's IRA account. The Form 4 was signed by an attorney-in-fact on 08/22/2025.
Positive
- Reported increase in direct beneficial ownership of 34,000 shares, from 45,355 to 79,355 shares after the transactions
- Clear explanatory footnotes stating the transfers were to move shares into the Reporting Person's IRA and providing price ranges with offer to supply detail on request
Negative
- None.
Insights
TL;DR: Insider moved shares into an IRA, ending with a net increase of 34,000 shares; transactions were executed at ~$7.30 per share.
These transactions represent an internal reallocation of holdings rather than a directional economic bet: a sale and matching purchase of 34,000 shares on the same date produced an increase in reported beneficial ownership from 45,355 to 79,355 shares. The weighted average prices are tightly clustered around $7.30, indicating modest market impact on execution. For investors, this is a disclosure of ownership change and not new information about company operations or guidance.
TL;DR: Routine Section 16 filing documents an account transfer into an IRA; disclosure appears complete with explanatory footnotes.
The Form 4 properly identifies the reporting person as a director and states the transfers were for movement into an IRA. Footnotes disclose weighted average price ranges and offer to provide breakdowns on request, which aligns with disclosure best practices. No amendment or additional compensatory awards are indicated. This filing is procedural and does not raise governance red flags.