MGIC (MTG) insider sold 129,203 shares; 139,203 planned
Rhea-AI Filing Summary
Form 144 notice for MGIC Investment Corp (MTG) discloses a proposed sale of 139,203 common shares through Fidelity Brokerage Services LLC on 10/07/2025 to be executed on the NYSE. The shares were acquired on 03/10/2024 via restricted stock vesting and were paid as compensation. The filing also reports a prior sale by the same person, Timothy Mattke, of 129,203 common shares on 08/07/2025 that generated
Positive
- Shares were acquired via restricted stock vesting, showing the sale converts compensation into liquidity
- Filing includes standard attestation that no undisclosed material adverse information is known
Negative
- Insider executed a recent large sale of 129,203 shares on
08/07/2025 , which may be viewed negatively by some investors - No trading-plan adoption date stated in the notice, so it's unclear if sale is pre-planned under Rule 10b5-1
Insights
Insider plans to sell vested shares; prior sale was sizable.
The filing shows an insider, Timothy Mattke, plans to sell 139,203 shares acquired from restricted stock vesting on
This follows a recent sale of 129,203 shares on
Compensation-related vesting triggered planned divestiture.
The securities were acquired as compensation via restricted stock vesting on
Key governance items to track include whether the sale follows a documented trading plan (Rule 10b5-1) and any subsequent disclosures; absence of a stated plan date in this notice means investors should look for additional filings or company disclosures for that detail within typical reporting windows.
FAQ
What does the Form 144 for MTG disclose?
Who is the selling person named in the filing for MTG?
Has the seller recently sold other MTG shares?
How were the shares being sold originally acquired?
Will the sale occur on a public exchange?