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

MGIC Investment Corp's CEO, Timothy J. Mattke, sold a significant number of common shares on January 13, 2026, as part of a pre-established Rule 10b5-1 trading plan.

Summary

• Timothy J. Mattke, the Chief Executive Officer and a Director of MGIC Investment Corp (MTG), reported multiple sales of the company's common stock.
• The transactions occurred on January 13, 2026, and were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Mattke on May 6, 2025.
• A total of 139,203 shares of common stock were disposed of across six separate transactions.
• The shares were sold at weighted average prices ranging from $25.888 to $27.798 per share.
• Following these reported transactions, Mr. Mattke beneficially owns 822,588.401 shares of MGIC Investment Corp common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a pre-planned insider stock sale by the CEO, which is a neutral event as it was executed under a Rule 10b5-1 trading plan, indicating no new discretionary decision based on current information.

Positives

• The stock sales were executed under a pre-established Rule 10b5-1 trading plan, which indicates the transactions were not based on new, non-public information and were part of a pre-arranged personal financial strategy.

Negatives

• The Chief Executive Officer and a Director of the company sold a substantial number of shares, which can sometimes be perceived negatively by the market, even if pre-planned.

Future Outlook

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

Industry Context

This insider transaction report does not provide specific industry context or analysis of broader industry trends. It solely details the personal stock transactions of a key executive.

Stakeholder Impact

• Shareholders may view the CEO's sale of shares with scrutiny, although the pre-planned nature under a Rule 10b5-1 plan mitigates concerns about the timing of the sale being based on new, non-public information.

Key Dates

Recommendation

The CEO's stock sales were executed under a pre-established Rule 10b5-1 trading plan, indicating a non-discretionary transaction. While insider selling can sometimes be a negative signal, the pre-planned nature suggests it's likely for personal financial planning rather than a reflection of a change in company outlook. Therefore, a 'hold' recommendation is appropriate, pending further company-specific or market-wide developments.

Keywords

MGIC Investment Corp, MTG, Insider Trading, Form 4, CEO Stock Sale, 10b5-1 Plan, Beneficial Ownership