Form 4: Marcus & Millichap Director Don C. Watters Reports Stock Acquisition
SEC Form 4 Filing
Don C. Watters, a director at Marcus & Millichap, reported acquiring 2,471 shares of common stock at $30.35 per share on May 1, 2025.
Summary
- On May 1, 2025, Don C. Watters, a director of Marcus & Millichap, Inc. [MMI], acquired 2,471 shares of common stock at a price of $30.35 per share.
- Following the transaction, Mr. Watters directly owns 13,204 shares of common stock.
- Mr. Watters also indirectly owns 8,337 shares through the Don C. Watters and Susan W. Watters Revocable Trust dated 10/20/1998, for which he serves as trustee.
- The acquired shares vest on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition by a company director.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence due to insider buying.
Key Dates
| Date | Description |
|---|---|
| 10/20/1998 | Date of the Don C. Watters and Susan W. Watters Revocable Trust |
| 05/01/2025 | Date of stock transaction |
| 05/02/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Stock Acquisition, Director, Marcus & Millichap, MMI, Watters
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