MTG insider files Form 144 to sell 30,000 shares; 90,000 sold recently
Rhea-AI Filing Summary
Form 144 filing for MGIC Investment Corp (MTG) shows a proposed sale of 30,000 common shares planned for 10/01/2025 on the NYSE with an aggregate market value of $844,632.74. The filing reports 230,523,015 shares outstanding, indicating the proposed block is a very small fraction of the company.
The 30,000 shares were acquired on 03/10/2024 through restricted stock vesting and were part of compensation. The filer also reported three sales in the past three months totaling 90,000 shares with gross proceeds of $2,460,049.93 across July, August, and September 2025.
Positive
- Disclosure compliance: The filer provided required details including acquisition date, nature (restricted stock vesting), broker name, and proposed sale date.
- Small relative size: The proposed 30,000-share sale is a very small portion of 230,523,015 shares outstanding, limiting market impact.
Negative
- Insider selling activity: The same individual sold 30,000 shares in each of July, August, and September 2025, totaling 90,000 shares in three months.
- Concentration of monetization: Multiple recent sales by the filer could be viewed unfavorably by some investors despite being routine compensation vesting.
Insights
TL;DR: Routine insider notice of planned sale of vested restricted shares; past three months show additional insider sales totaling 90,000 shares.
The filing documents a proposed sale of 30,000 common shares acquired via restricted stock vesting as compensation. The proposed sale's aggregate value of $844,632.74 is small relative to 230,523,015 shares outstanding. Past three-month disclosures show the same individual sold 30,000 shares on 07/01/2025, 30,000 on 08/01/2025, and 30,000 on 09/02/2025 for combined gross proceeds of $2,460,049.93. From a trading-impact perspective, these appear to be routine monetizations of vested compensation rather than corporate financing or material transactions.
TL;DR: Filing meets Rule 144 notice requirements and includes representation about material nonpublic information.
The notice identifies the nature of acquisition as restricted stock vesting and lists broker details (Fidelity Brokerage Services LLC). The signer represents no undisclosed material adverse information exists, consistent with Rule 144 attestations. The repeated monthly sales reported in the past three months should be tracked for reporting consistency, but the document itself is a standard disclosure form without indications of noncompliance.