MGIC (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 and COO Salvatore A. Miosi sold 30,000 shares of common stock in an open-market transaction at $25.38 per share on June 8, 2026. After this sale, he directly holds 560,951.361 shares of MGIC common stock.
The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan that Miosi adopted on March 2, 2026, indicating it was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares ($761,400)
Net Sell
1 txn
Insider
Miosi Salvatore A
Role
President & COO
Sold
30,000 shs ($761K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $25.38 | $761K |
Holdings After Transaction:
Common Stock — 560,951.361 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 30,000 shares
Sale price: $25.38 per share
Shares held after sale: 560,951.361 shares
+3 more
6 metrics
Shares sold
30,000 shares
Common Stock sold in open market on June 8, 2026
Sale price
$25.38 per share
Price for 30,000 common shares sold
Shares held after sale
560,951.361 shares
Direct ownership following the reported transaction
Net shares sold
30,000 shares
Net-sell direction per transaction summary
Transaction date
June 8, 2026
Date of open-market sale
10b5-1 plan adoption date
March 2, 2026
Date Rule 10b5-1 trading plan was adopted
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 did MGIC Investment (MTG) executive Salvatore Miosi report in this Form 4?
Salvatore A. Miosi, President and COO of MGIC Investment, reported selling 30,000 shares of common stock. The sale occurred in the open market at $25.38 per share and was executed under a previously adopted Rule 10b5-1 trading plan.
What type of transaction did MGIC Investment (MTG) report for Salvatore Miosi?
The filing reports an open-market sale of common stock, coded as an “S” transaction. It reflects the disposal of 30,000 shares at $25.38 per share, reducing but not eliminating Miosi’s direct equity position in MGIC Investment.