Form 4: MMI CEO Gifts Shares Under Pre-Arranged 10b5-1 Plan
Insider Transaction Report
Marcus & Millichap CEO Hessam Nadji reported gifting a total of 625 shares of common stock in December 2025 under a pre-arranged 10b5-1 plan.
Summary
- Hessam Nadji, Chief Executive Officer and Director of Marcus & Millichap, Inc. (MMI), reported two transactions involving the disposition of common stock.
- On December 10, 2025, Nadji gifted 125 shares of MMI common stock at a price of $0 per share.
- On December 12, 2025, Nadji gifted an additional 500 shares of MMI common stock at a price of $0 per share.
- These transactions were conducted under a Rule 10b5-1(c) plan, indicating they were pre-scheduled.
- Following these transactions, Nadji directly beneficially owns 272,424 shares of MMI common stock.
Sentiment
Score: 5
Explanation: Neutral. The filing reports routine insider gifting under a pre-arranged plan, which does not typically signal significant positive or negative sentiment regarding the company's immediate prospects.
Stakeholder Impact
- Shareholders: A minor reduction in the CEO's direct beneficial ownership, but through gifting rather than a market sale, which typically has less market impact.
Key Dates
| Date | Description |
|---|---|
| 12/10/2025 | Disposition of 125 shares of common stock by gift. |
| 12/12/2025 | Disposition of 500 shares of common stock by gift. |
Recommendation
holdThe filing details routine insider gifting under a pre-established 10b5-1 plan. These transactions are not indicative of a change in the company's fundamental outlook or a discretionary sale by the CEO. Therefore, it provides no new information to warrant a change in investment recommendation, suggesting a 'hold' position for existing investors.
Keywords
Marcus & Millichap, MMI, Hessam Nadji, Insider Transaction, Form 4, CEO, Stock Gift, 10b5-1 Plan, Beneficial Ownership
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