Millrose Properties officer buys 235,000 shares
Millrose Properties, Inc. officer Darren Richman reported open-market purchases of a total of 235,000 shares of Class A Common Stock on May 11, 2026 at a weighted average price of $27.312 per share.
Rhea-AI Filing Summary
Millrose Properties, Inc. officer Darren Richman reported open-market purchases of a total of 235,000 shares of Class A Common Stock on May 11, 2026 at a weighted average price of $27.312 per share.
The filing shows 195,000 shares purchased and held directly, in a joint account with his spouse, bringing his direct holdings to 416,000 shares. An additional 40,000 shares were purchased through the Richman Family Trust, increasing the trust’s indirect holdings to 84,000 shares. The reported price reflects multiple trades between $27.1683 and $27.4250.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 235,000 shares
Net Buy
2 txns
Insider
Richman Darren
Role
See Remarks
Bought
235,000 shs ($6.42M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 195,000 | $27.312 | $5.33M |
| Purchase | Class A Common Stock | 40,000 | $27.312 | $1.09M |
Holdings After Transaction:
Class A Common Stock — 416,000 shares (Direct);
Class A Common Stock — 84,000 shares (Indirect, By Richman Family Trust)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.1683 to $27.4250, inclusive. The reporting person undertakes to provide to Millrose Properties, Inc., any security holder of Millrose Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F2. Shares are held in a joint account with the reporting person's spouse.
- F3. These shares are held in a trust for the benefit of the reporting person's children and spouse. The reporting person's spouse is a co-trustee of the trust. The reporting person is the investment manager for the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report should not be deemed to be an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Total shares purchased: 235,000 shares
Weighted average purchase price: $27.312 per share
Price range of trades: $27.1683–$27.4250 per share
+4 more
7 metrics
Total shares purchased
235,000 shares
Open-market purchases on May 11, 2026
Weighted average purchase price
$27.312 per share
Aggregate price for 235,000 shares
Price range of trades
$27.1683–$27.4250 per share
Multiple transactions within this range
Direct holdings after transaction
416,000 shares
Class A Common Stock, joint account with spouse
Indirect trust holdings after transaction
84,000 shares
Richman Family Trust for spouse and children
Direct shares purchased
195,000 shares
Class A Common Stock on May 11, 2026
Trust shares purchased
40,000 shares
Richman Family Trust on May 11, 2026
Key Terms
open-market purchase, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price reported ... 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.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Millrose Properties (MRP) report for Darren Richman?
Millrose Properties reported that officer Darren Richman completed open-market purchases of 235,000 Class A Common shares. The trades occurred on May 11, 2026, and increased both his direct holdings and indirect holdings through a family trust associated with his spouse and children.
What indirect Millrose Properties (MRP) holdings are reported for Darren Richman?
The filing shows 40,000 shares purchased by the Richman Family Trust, raising its indirect position to 84,000 shares. The trust benefits his spouse and children, and Richman is investment manager while disclaiming beneficial ownership except for his pecuniary interest, as described in the footnote.
What is Darren Richman’s total reported Millrose Properties (MRP) position after these trades?
After the May 11, 2026 purchases, Richman is reported with 416,000 Class A Common shares held directly and 84,000 shares held indirectly through the Richman Family Trust. The filing distinguishes between direct joint-account holdings and indirect trust holdings associated with his family.
How does the filing describe Darren Richman’s beneficial ownership of the trust’s Millrose Properties (MRP) shares?
The filing states the trust’s shares benefit his spouse and children, with his spouse as co-trustee and Richman as investment manager. It notes he disclaims beneficial ownership of those securities except to the extent of his pecuniary interest, clarifying how his economic stake is treated under Section 16.
AI-generated analysis. How Rhea-AI works. Not financial advice.
