Form 4: MGIC CEO Sells Shares Under Pre-Arranged 10b5-1 Plan

Timothy J. Mattke, CEO of MGIC Investment Corp, sold 139,203 shares of common stock for approximately $3.77 million on October 7, 2025, pursuant to a Rule 10b5-1 trading plan.

Summary

• Timothy J. Mattke, Chief Executive Officer and Director of MGIC Investment Corp (MTG), reported a sale of common stock.
• The transaction involved the disposition of 139,203 shares of common stock.
• The sale occurred on October 7, 2025, at a weighted average price of $27.0948 per share.
• The total value of the shares sold is approximately $3,770,998.52.
• Shares were sold in multiple transactions within a price range of $26.990 to $27.340.
• Following this transaction, Mr. Mattke beneficially owns 961,791.401 shares of common stock directly.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Mattke on May 6, 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider stock sale under a Rule 10b5-1 plan. This type of transaction is generally considered neutral as it reflects personal financial planning rather than a direct statement on the company's current performance or future outlook.

Positives

• The transaction was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled sale not based on immediate insider information.

Negatives

• No specific negative aspects for the company are directly indicated by this routine insider sale.

Risks

• No specific risks to the company are mentioned 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 performance or strategic direction.

Management Comments

• No direct quotes or paraphrased statements from company management are provided in this Form 4 filing, which solely reports an insider transaction.

Industry Context

Insider sales under Rule 10b5-1 plans are a common practice for executives to diversify their holdings or manage personal finances in a compliant manner, without implying any specific sentiment about the company's immediate prospects. This transaction is a routine disclosure of such a pre-planned sale.

Comparison to Industry Standards

• This filing reports a standard insider transaction (Form 4) executed under a Rule 10b5-1 trading plan. Such plans are widely adopted by executives across various industries to mitigate concerns about insider trading by pre-scheduling stock sales or purchases. There are no specific comparable companies or projects mentioned in this filing to assess against industry benchmarks.

Corporate Governance

Stakeholder Impact

• Shareholders: The sale by a key executive, while pre-planned, could be observed by shareholders, but typically has minimal direct impact on company operations or strategy.
• Employees: No direct impact on employees is indicated.
• Customers: No direct impact on customers is indicated.
• Suppliers: No direct impact on suppliers is indicated.
• Creditors: No direct impact on creditors is indicated.

Next Steps

• The filing does not mention any specific future actions, events, or milestones for MGIC Investment Corp or its management.

Key Dates

Keywords

MGIC Investment Corp, MTG, Timothy J. Mattke, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO, Director, Equity Transaction