Form 4: MMI CEO Sells Shares Under Pre-Arranged Trading Plan

Marcus & Millichap CEO Hessam Nadji sold 1,300 shares of common stock for $25.60 per share on March 13, 2026, as part of a Rule 10b5-1 trading plan.

Summary

• Hessam Nadji, CEO and Director of Marcus & Millichap, Inc. (MMI), reported a transaction involving the company's common stock.
• On March 13, 2026, Nadji disposed of 1,300 shares of common stock at a price of $25.60 per share.
• The transaction was executed under a Rule 10b5-1(c) pre-arranged trading plan.
• Following this transaction, Nadji's beneficial ownership includes 480 shares indirectly owned by his adult son residing in his household, for which he disclaims beneficial ownership.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine insider transaction under a pre-arranged 10b5-1 plan, which mitigates any negative sentiment typically associated with insider selling.

Positives

• The sale was conducted under a Rule 10b5-1(c) trading plan, indicating a pre-scheduled, non-discretionary transaction rather than a reaction to new material non-public information.

Negatives

• An insider, specifically the CEO, reduced their direct ownership stake in the company by selling 1,300 shares.

Risks

• No specific company-related risks are detailed in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under a Rule 10b5-1 plan, are generally viewed as routine personal financial management rather than a direct signal about the company's immediate operational performance or future prospects. Such plans are established in advance to avoid accusations of trading on material non-public information.

Related Party Transactions

• The filing discloses 480 shares indirectly owned by the reporting person's adult son, who resides in the reporting person's household. The reporting person disclaims beneficial ownership of these shares.

Stakeholder Impact

• Shareholders: Minimal direct impact. A small insider sale under a 10b5-1 plan is generally not seen as a significant indicator for the company's stock performance.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific insider transaction.

Next Steps

• This Form 4 filing does not mention any specific future actions, events, or milestones for the company or the reporting person beyond the reported transaction.

Key Dates

Keywords

Marcus & Millichap, MMI, Hessam Nadji, Insider Sale, Form 4, CEO, 10b5-1 Plan, Common Stock