Form 4: Norma J. Lawrence, Director at Marcus & Millichap, Reports Sale of Common Stock
SEC Filing
Director Norma J. Lawrence reports selling 1,123 shares of Marcus & Millichap (MMI) common stock at $40 per share on September 13, 2024.
Summary
- On September 13, 2024, Norma J. Lawrence, a director at Marcus & Millichap, Inc. (MMI), sold 1,123 shares of common stock at a price of $40 per share.
- Following the transaction, Ms. Lawrence directly owns 2,303 shares and indirectly owns 24,971 shares through a family trust.
- The sale was reported on a Form 4 filing with the Securities and Exchange Commission (SEC) on September 17, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the relatively small number of shares sold is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 04/18/2001 | Date of The Lawrence Family Trust |
| 09/30/2010 | Date The Lawrence Family Trust was restated |
| 09/13/2024 | Date of stock sale transaction |
| 09/17/2024 | Date of Form 4 filing |
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