Form 4: MGIC COO Sells 30,000 Shares Under 10b5-1 Plan

MGIC Investment Corp's President & COO, Salvatore A. Miosi, sold 30,000 shares of common stock for a weighted average price of $27.663 per share.

Summary

• Salvatore A. Miosi, President & COO of MGIC Investment Corp, disposed of 30,000 shares of common stock.
• The transaction occurred on September 2, 2025, at a weighted average price of $27.663 per share.
• Individual sales prices ranged from $27.485 to $27.825 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Miosi on March 6, 2025.
• Following the transaction, Mr. Miosi directly beneficially owns 219,401.361 shares of common stock.
• Additionally, Mr. Miosi indirectly beneficially owns 384,844 shares through a family trust.

Sentiment

Score: 6

Explanation: The sale of shares by a key executive is generally viewed with caution, but the transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, which mitigates concerns about the timing of the sale being based on non-public information, leading to a neutral to slightly positive interpretation.

Positives

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

Negatives

• Insider selling, even when pre-planned, can sometimes be perceived negatively by the market, potentially impacting investor sentiment.

Risks

• Potential for negative market sentiment or misinterpretation of the insider sale, despite it being executed under a Rule 10b5-1 plan.

Future Outlook

No forward-looking statements or guidance were provided in this insider transaction report.

Industry Context

Insider transactions, particularly those executed under Rule 10b5-1 plans, are a common occurrence in publicly traded companies. These plans allow insiders to sell shares at pre-determined times or prices to avoid accusations of trading on material non-public information.

Related Party Transactions

• Salvatore A. Miosi indirectly beneficially owns 384,844 shares of common stock through a family trust.

Stakeholder Impact

• Shareholders may interpret the insider sale, even if pre-planned, as a signal, potentially influencing short-term sentiment regarding the company's stock.

Key Dates

Recommendation

The insider sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than one based on new material information. While insider selling can sometimes be a negative signal, the pre-planned nature suggests it's for personal financial management (e.g., diversification) and not a reflection of a change in the company's fundamental outlook. Therefore, this single transaction does not warrant a change in investment recommendation, maintaining a 'hold' stance.

Keywords

MGIC Investment Corp, MTG, Salvatore Miosi, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Common Stock