Form 4: MediaAlpha CFO Exercises Stock Options, Sells Shares for Tax Obligations
SEC Form 4 Filing
Patrick Ryan Thompson, CFO of MediaAlpha, Inc., exercised stock options and sold shares to cover tax obligations on February 15, 2025.
Summary
- On February 15, 2025, Patrick Ryan Thompson, the CFO and Treasurer of MediaAlpha, Inc., exercised 9,772 Restricted Stock Units (RSUs), each convertible to one share of Class A Common Stock.
- He then disposed of shares to cover tax withholding obligations.
- Specifically, 2,914 shares were sold at $12.78 per share, and another 3,243 and 2,702 shares were withheld automatically by the Issuer to cover required tax withholding obligations due at settlement of restricted stock units previously reported in Table I as Class A Common Stock.
- Following these transactions, Thompson directly owns 579,851 shares of Class A Common Stock and 29,316 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The remaining RSUs will vest quarterly through November 15, 2025, contingent upon Thompson's continued employment with MediaAlpha.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the exercise of existing stock options and do not represent a new issuance of shares.
Key Dates
| Date | Description |
|---|---|
| 2021-12-06 | RSUs granted to the Reporting Person pursuant to the Issuer's Omnibus Incentive Plan |
| 2022-11-15 | One quarter of such RSUs vested |
| 2025-02-15 | Date of transaction: Exercise of RSUs and sale of shares for tax obligations. |
| 2025-11-15 | Remainder of RSUs will vest quarterly through this date, subject to continued employment. |
| 2025-02-18 | Date of signature of the report. |
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