MGIC (MTG) insider sold 90K shares recently; 30K more planned

Rhea-AI Filing Summary

Form 144 notice for MGIC Investment Corp. (MTG) reports proposed and recent insider sales of common stock. The filer plans to sell 30,000 shares via Fidelity Brokerage (approximate market value $828,600) with an approximate sale date of 09/02/2025 on the NYSE. Those 30,000 shares were acquired through restricted stock vesting on 03/10/2024 as compensation. The filing also discloses three recent sales by the same person totaling 90,000 shares during June–August 2025 with gross proceeds of $781,122.66, $844,552.00, and $786,605.74 respectively. The notice includes the insider representation that no undisclosed material adverse information is known.

Positive

• Transparent disclosure of the planned sale and prior transactions, including acquisition method (restricted stock vesting) and gross proceeds
• Compliance with Rule 144 is evident through attestation and detailed transaction reporting

Negative

• Significant insider selling: 90,000 shares sold in June–August 2025 plus a planned sale of 30,000 shares could increase share supply
• No explanation provided linking sales to personal liquidity needs or trading plans; absence of a stated 10b5-1 plan adoption date reduces context

Insights

Financial Analyst

TL;DR Insider is disposing of vested shares in a patterned program; recent sales total 90,000 shares and another 30,000 is planned.

The filing shows routine disposition of shares originally received as restricted stock vesting. The planned sale of 30,000 shares (~$828,600) and the prior three sales totaling 90,000 shares indicate meaningful insider liquidity but do not, by themselves, disclose company performance or new information about MTG's operations. Investors may view repeated sales as increased insider supply, but the filing lacks any explanation tying sales to corporate events or compensation obligations.

Corporate Governance Expert

TL;DR Disclosure appears compliant; sales stem from vested compensation and include required certifications.

The Form 144 identifies the nature of acquisition as restricted stock vesting and states compensation as the payment nature, which is consistent with Rule 144 filing expectations. The notice includes the seller's attestation about undisclosed material information and cites possible Rule 10b5-1 plan language although no plan date is provided. From a governance perspective, the filing documents transparency around insider selling but does not indicate problematic governance issues on its face.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	30000	828600.00	230523015	09/02/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/10/2024	Restricted Stock Vesting	Issuer			30000	03/10/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Salvatore A. Miosi 250 E. Kilbourn Avenue Milwaukee WI 53202	Common	06/05/2025	30000	781122.66
Salvatore A. Miosi 250 E. Kilbourn Avenue Milwaukee WI 53202	Common	07/01/2025	30000	844552.00
Salvatore A. Miosi 250 E. Kilbourn Avenue Milwaukee WI 53202	Common	08/01/2025	30000	786605.74

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for MTG disclose about the planned sale?

The filer intends to sell 30,000 common shares via Fidelity Brokerage with an aggregate market value of $828,600 and an approximate sale date of 09/02/2025 on the NYSE.

How were the shares being sold by the MTG insider acquired?

The 30,000 shares were acquired through restricted stock vesting on 03/10/2024, and payment was listed as compensation.

How many shares did the insider sell in the past three months?

The filing reports three sales in June–August 2025 totaling 90,000 shares with gross proceeds of $781,122.66, $844,552.00, and $786,605.74 respectively.

Does the Form 144 state whether a Rule 10b5-1 plan was used?

The form references the possibility of a 10b5-1 plan but does not provide a plan adoption date in the filing.

Who is acting as broker for the planned sale?

The planned sale lists Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI as the broker.