MTG insider sale: 139,203 shares under 10b5-1 plan at $27.09
Rhea-AI Filing Summary
Timothy J. Mattke, who serves as Chief Executive Officer and a Director of MGIC Investment Corporation (MTG), disclosed a sale of common stock on 10/07/2025. The report shows 139,203 shares were sold under a Rule 10b5-1 trading plan adopted on 05/06/2025 at a weighted average price of $27.0948, with transaction prices ranging from $26.990 to $27.340. After the reported sale, the filing shows beneficial ownership of 961,791.401 shares. The filer states the sale was effected pursuant to the 10b5-1 plan and offers to provide a breakdown of shares sold at each price in the stated range upon request.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating pre-arranged trading and reducing insider trading risk.
- Full disclosure provided including weighted average price and price range, and offer to supply trade-level breakdown to investors or SEC staff.
Negative
- Large single-day sale of 139,203 shares by the CEO/Director, reducing beneficial holdings to 961,791.401 shares, which may affect investor perception of insider alignment.
Insights
Insider used a pre-established plan to sell significant shares, maintaining formal disclosure compliance.
The sale of 139,203 shares by the CEO and Director was effected under a Rule 10b5-1 trading plan adopted on 05/06/2025, which provides an affirmative defense against insider trading claims when properly implemented. The filing discloses a weighted average sale price of $27.0948 and a per-trade price range of $26.990 to $27.340.
Key dependencies include the plan's adoption date and any blackout-period exceptions; the filing's clear 10b5-1 statement reduces governance risk by documenting pre-approval. Investors may monitor subsequent Form 4s for additional plan-based activity over the next 12 months.
The transaction meaningfully reduced insider holdings, which could modestly affect perceived insider alignment.
The reported disposal reduced the reporting person's beneficial holdings to 961,791.401 shares after selling 139,203 shares. That absolute sale size is material for an individual insider and may influence market perception of insider alignment, depending on prior holdings and total float.
Watch for additional disclosures that state remaining plan parameters or further sales within 90 days to assess whether this is routine liquidity under the plan or part of a larger, staged divestiture.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 139,203 | $27.0948 | $3.77M |
Footnotes (1)
- The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/06/2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.990 to $27.340, inclusive. The reporting person undertakes to provide MGIC Investment Corporation, any security holder of MGIC Investment Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
