MGIC Investment (NYSE: MTG) COO sells 30,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGIC Investment Corp President & COO Salvatore A. Miosi sold 30,000 shares of Common Stock in an open-market transaction at $28.23 per share. The sale was executed under a Rule 10b5-1 trading plan adopted on 03/02/2026. Following this transaction, he directly holds 530,951.361 shares of MGIC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares ($846,900)
Net Sell
1 txn
Insider
Miosi Salvatore A
Role
President & COO
Sold
30,000 shs ($847K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $28.23 | $847K |
Holdings After Transaction:
Common Stock — 530,951.361 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 30,000 shares
Sale price per share: $28.23/share
Shares owned after transaction: 530,951.361 shares
+1 more
4 metrics
Shares sold
30,000 shares
Open-market sale on 2026-07-01
Sale price per share
$28.23/share
Price for the 30,000-share sale
Shares owned after transaction
530,951.361 shares
Direct holdings following the sale
Trading plan adoption date
03/02/2026
Rule 10b5-1 plan used for the sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock
3 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 03/02/2026."
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.
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
What insider transaction did MGIC Investment Corp (MTG) report for Salvatore A. Miosi?
MGIC Investment Corp reported that President & COO Salvatore A. Miosi sold 30,000 shares of Common Stock. The transaction was an open-market sale at $28.23 per share, executed under a pre-established Rule 10b5-1 trading plan.
Was the MTG insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the transaction was effected under a Rule 10b5-1 trading plan adopted by Salvatore A. Miosi on 03/02/2026. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary timing decisions.
What type of security did the MGIC Investment Corp insider sell?
The insider transaction involved MGIC Investment Corp Common Stock. Salvatore A. Miosi sold 30,000 common shares in an open-market transaction, and the Form 4 confirms his remaining direct ownership of 530,951.361 common shares after the sale.