Form 4: MGIC COO Sells 30,000 Shares Under Pre-Arranged Plan

Salvatore A. Miosi, President and COO of MGIC Investment Corp, sold 30,000 shares of common stock for approximately $28.15 per share through a Rule 10b5-1 trading plan.

Summary

• Salvatore A. Miosi, President & COO of MGIC Investment Corp (MTG), reported a sale of common stock.
• The transaction involved 30,000 shares sold on October 1, 2025.
• The shares were sold at a weighted average price of $28.1544 per share, totaling approximately $844,632.
• This 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 owns 189,401.361 shares and indirectly owns 384,844 shares through a family trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can be perceived negatively, the fact that it was executed under a pre-arranged Rule 10b5-1 plan mitigates concerns that it's based on new, negative material information. It's likely for personal financial planning.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled transaction rather than a reaction to recent non-public information.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived by the market as a lack of confidence, though this is mitigated by the 10b5-1 plan.

Risks

• Potential negative market perception due to insider selling, which could put downward pressure on the stock price.

Future Outlook

NA

Industry Context

This is a routine insider transaction report and does not provide specific industry context. Insider sales are common across all industries, often for personal financial planning.

Related Party Transactions

• Salvatore A. Miosi holds 384,844 shares indirectly through a family trust, which represents a related party beneficial ownership.

Stakeholder Impact

• Shareholders may interpret the insider sale with caution, although the Rule 10b5-1 plan suggests it is a pre-scheduled event rather than a reaction to recent company performance.

Key Dates

Recommendation

The sale of 30,000 shares by the President & COO, while notable, was executed under a Rule 10b5-1 plan, indicating it was pre-scheduled for personal financial management rather than being driven by new, adverse company developments. This mitigates the typical negative signal of an insider sale. The transaction represents a relatively small portion of Mr. Miosi's total beneficial ownership (direct and indirect combined is 574,245.361 shares, so 30,000 is about 5.2%). Therefore, it does not provide a strong enough signal to warrant a change from a 'hold' position based solely on this filing.

Keywords

MGIC Investment Corp, MTG, Salvatore A. Miosi, Insider Sale, Form 4, Rule 10b5-1 Plan, Common Stock, Officer Transaction, President & COO