Form 4: Marcus & Millichap EVP & COO John David Parker Reports Sale of Shares
SEC Form 4 Filing
John David Parker, EVP & COO of Marcus & Millichap, reported the sale of 9,716 shares of common stock on March 14, 2024.
Summary
- On March 14, 2024, John David Parker, the EVP & COO Eastern Division of Marcus & Millichap, Inc. (MMI), sold 9,716 shares of the company's common stock.
- The sale price was $32.8301 per share.
- Following the transaction, Parker directly owns 12,376 shares of Marcus & Millichap, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares doesn't necessarily indicate a negative outlook for the company, but it also doesn't provide a positive signal.
Industry Context
This is a standard SEC Form 4 filing, indicating a change in beneficial ownership by a company insider. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: John David Parker sold 9,716 shares of common stock. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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