MGIC (MTG) Form 4: Salvatore Miosi Disposes 30,000 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Salvatore A. Miosi, President & COO of MGIC Investment Corporation (MTG), reported a sale of 30,000 shares of MGIC common stock on 09/02/2025. The sale was effected under a Rule 10b5-1 trading plan adopted on 03/06/2025. The weighted-average price for the reported shares was $27.663, with individual sale prices ranging from $27.485 to $27.825. After the disposition, Mr. Miosi beneficially owns 219,401.361 shares directly and 384,844 shares indirectly through a family trust, as reported on the Form 4.
Positive
- Transaction executed under a Rule 10b5-1 plan, indicating pre-planned and compliant sale activity.
- Clear disclosure of price range and weighted-average price ($27.485–$27.825; $27.663 weighted average).
- Post-transaction beneficial ownership reported with direct and indirect holdings specified (219,401.361 direct; 384,844 indirect).
Negative
- Insider reduced direct holdings by 30,000 shares, which may be viewed negatively by some investors assessing insider alignment.
Insights
TL;DR: Routine insider sale conducted under a pre-established 10b5-1 plan, maintaining disclosure compliance.
The Form 4 shows a controlled disposal of 30,000 shares by the President & COO under a Rule 10b5-1 plan adopted on 03/06/2025. Using a plan offers an affirmative defense against insider trading claims when properly structured and timed; the filing discloses the adoption date and weighted-average price range ($27.485–$27.825). The report also clarifies current beneficial ownership: 219,401.361 shares direct and 384,844 indirect via a family trust. From a governance perspective, the filing meets Section 16 disclosure requirements and explains the price range and availability of further breakdown on request.
TL;DR: Insider sale reduces direct holdings modestly; transaction appears non-material to company capitalization but is material to insider's reported stake.
The transaction disposed of 30,000 shares at a weighted-average of $27.663 per share. The filing specifies the sale occurred across multiple trades and provides the exact price range. This disclosure allows investors to verify execution under a 10b5-1 plan; however, the Form 4 does not include market context, total outstanding shares, or intent behind the sale. The documented direct and indirect holdings give clear, verifiable post-transaction ownership levels for valuation of insider alignment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $27.663 | $830K |
| holding | Common Stock | -- | -- | -- |
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 03/06/2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.485 to $27.825, 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.
