Form 4: Marcus & Millichap Executive Gregory LaBerge Reports Stock Sale and Trust Transfer

Gregory LaBerge, Chief Administrative Officer of Marcus & Millichap, sold 1,000 shares of common stock at $32.6766 per share and transferred 6,222 shares to a trust.

Summary

• Gregory A. LaBerge, Chief Administrative Officer of Marcus & Millichap, filed a Form 4 detailing changes in beneficial ownership.
• On May 28, 2024, LaBerge sold 1,000 shares of Marcus & Millichap common stock at a price of $32.6766 per share.
• Following the transaction, LaBerge directly owns 6,050 shares.
• LaBerge also transferred 6,222 shares previously held directly to the Gregory & Meredith LaBerge TTEE Gregory A. LaBerge Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale and a transfer to a trust. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The stock sale by an officer could be perceived negatively by shareholders if interpreted as a lack of confidence in the company, although the transfer of shares to a trust may mitigate this concern.

Key Dates