Form 4: MediaAlpha Director Ramon Jones Receives Equity Grant

MediaAlpha, Inc. Director Ramon Jones was granted 7,250 restricted stock units as compensation for his board service, vesting in 2026.

Summary

• Ramon Jones, a Director of MediaAlpha, Inc. (MAX), acquired 7,250 Class A Common Stock equivalent restricted stock units (RSUs).
• The RSUs were granted under the Issuer's Omnibus Incentive Plan in connection with his service on the board of directors.
• Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock upon vesting.
• The RSUs will vest on the earlier of May 5, 2026, or the date of MediaAlpha's 2026 Annual Meeting.
• Vesting is contingent upon Mr. Jones's continued service through the applicable vesting date.
• The transaction date for the grant was November 11, 2025, with a reported acquisition price of $0 per unit.
• Following this transaction, Mr. Jones directly beneficially owns 7,250 shares.

Sentiment

Score: 5

Explanation: The filing reports a routine equity grant to a director, which is a standard compensation practice and does not inherently indicate positive or negative company performance or significant new information.

Positives

• Aligns the director's interests with those of shareholders through equity-based compensation.
• Demonstrates continued commitment of a director to the company's long-term performance.

Negatives

• Potential for minor dilution to existing shareholders upon the vesting and issuance of shares, which is standard for equity compensation.

Risks

• The vesting of the restricted stock units is contingent on the Reporting Person's continued service through the vesting date, meaning the units could be forfeited if service ceases prematurely.

Future Outlook

The restricted stock units are expected to vest on the earlier of May 5, 2026, or the date of the Issuer's 2026 Annual Meeting, contingent upon the Reporting Person's continued service through the applicable vesting date.

Related Party Transactions

• Grant of 7,250 restricted stock units to Ramon Jones, a Director, as compensation for his service on the board, under the company's Omnibus Incentive Plan.

Stakeholder Impact

• Shareholders: Potential minor dilution upon vesting of RSUs, but also improved alignment of director's interests with long-term shareholder value.
• Employees: No direct impact mentioned, but the Omnibus Incentive Plan could apply to other employees/executives.

Next Steps

• Vesting of 7,250 restricted stock units on the earlier of May 5, 2026, or the date of the 2026 Annual Meeting, subject to continued service.

Key Dates

Recommendation

This Form 4 reports a routine equity grant to a director as part of their compensation. Such grants are standard practice and do not provide new information that would significantly alter the investment outlook or warrant a change in recommendation based solely on this filing.

Keywords

MediaAlpha, MAX, Ramon Jones, Form 4, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Insider Transaction