MPC insider files Form 144 to sell 7,392 shares worth $1.3M
Marathon Petroleum Corporation (MPC) has filed a Form 144 indicating a proposed sale of 7,392 common shares through Fidelity Brokerage Services on 3 July 2025 at the NYSE.
Rhea-AI Filing Summary
Marathon Petroleum Corporation (MPC) has filed a Form 144 indicating a proposed sale of 7,392 common shares through Fidelity Brokerage Services on 3 July 2025 at the NYSE. Based on the quoted aggregate market value of $1.29 million, the implied price per share is approximately $175. The shares represent roughly 0.0024 % of the 307.2 million shares outstanding disclosed in the form. The shares were originally acquired via restricted-stock vesting on 1 April 2019 and are being sold for the account of an unidentified insider. No other sales were reported in the past three months, and no additional remarks, 10b5-1 plan information, or adverse disclosures accompany the notice.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small Form 144 filing; insider plans to sell 7,392 MPC shares (≈$1.3 m); immaterial to float, neutral signal.
The filing details are straightforward: an insider intends to liquidate a modest stake representing just 0.002 % of shares outstanding. The sale value is insignificant relative to MPC’s multi-billion-dollar market capitalisation, and no pattern of consecutive insider disposals is indicated ("Nothing to Report" for prior three months). Absence of 10b5-1 plan data means timing discretion is unclear, yet there is also an affirmative representation that no undisclosed negative information exists. Overall, the transaction appears routine and lacks material market impact.
FAQ
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