MGIC executive sells 10,931 shares in open trade
MGIC Investment Corp President & COO Salvatore A. Miosi sold 10,931 shares of common stock in an open-market transaction.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
MGIC Investment Corp President & COO Salvatore A. Miosi sold 10,931 shares of common stock in an open-market transaction. The shares were sold at a weighted average price of $26.254 per share under a Rule 10b5-1 trading plan adopted on March 6, 2025.
After the sale, Miosi directly holds 590,951.361 shares. The sale was executed in multiple trades at prices ranging from $26.050 to $26.365 per share.
Insider Trade Summary 10b5-1
Net Seller: 10,931 shares
Net Sell
1 txn
Insider
Miosi Salvatore A
Role
President & COO
Sold
10,931 shs ($287K)
Share of Position Sold
1.8%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,931 | $26.254 | $287K |
Holdings After Transaction:
Common Stock — 590,951.361 shares (Direct)
Holdings Before and After:
Common Stock, 601,882.361 to 590,951.361 shares (Direct)
Footnotes (2)
- F1. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 03/06/2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.050 to $26.365, inclusive. The reporting person undertakes to provide MGIC Investment Corporation, any security holder of MGIC Investment Corporation, or the staff of the Securities and Exchanged Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 10,931 shares
Weighted average sale price: $26.254 per share
Shares held after transaction: 590,951.361 shares
+2 more
5 metrics
Shares sold
10,931 shares
Open-market sale of common stock
Weighted average sale price
$26.254 per share
Average price across multiple trades
Shares held after transaction
590,951.361 shares
Direct ownership post-sale
Trade price range
$26.050–$26.365 per share
Range for individual sale executions
10b5-1 plan adoption date
March 6, 2025
Trading plan governing this sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 03/06/2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 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.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MGIC Investment Corp (MTG) report for Salvatore A. Miosi?
MGIC Investment Corp reported that President & COO Salvatore A. Miosi sold 10,931 shares of common stock in an open-market transaction. The sale used a weighted average price of $26.254 per share, executed across multiple trades within a stated price range.
Was Salvatore A. Miosi’s MGIC (MTG) stock sale made under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the transaction was effected under a Rule 10b5-1 trading plan adopted on March 6, 2025. Such plans pre-schedule trades, indicating the sale’s timing was set in advance rather than decided spontaneously.
What type of transaction code was used for Salvatore A. Miosi’s MGIC (MTG) trade?
The transaction was reported with code “S,” indicating a sale in an open-market or private transaction. It involved 10,931 shares of MGIC Investment Corp common stock and is classified as a non-derivative transaction on the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
