Form 4: MGIC Investment Corp CEO Sells Shares Under 10b5-1 Plan

MGIC Investment Corp CEO Timothy J. Mattke reported the sale of 139,202 shares of common stock, valued at approximately $3.67 million, executed under a pre-established Rule 10b5-1 trading plan.

Summary

• Timothy J. Mattke, CEO of MGIC Investment Corp (MTG), reported a transaction on April 2, 2026.
• The transaction involved the sale of 139,202 shares of common stock.
• These shares were sold at a weighted average price of $26.493 per share, with individual sales ranging from $26.100 to $26.685.
• The total value of the shares sold is approximately $3,674,930.
• The sale was conducted under a Rule 10b5-1 trading plan adopted by Mr. Mattke on May 6, 2025.
• Following this transaction, Mr. Mattke beneficially owns 1,118,005.401 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale was executed under a pre-planned Rule 10b5-1 trading plan, indicating it was not based on new, non-public information, but it does represent a reduction in the CEO's direct shareholding.

Negatives

• CEO sold a significant number of shares, which could be perceived negatively by the market, although it was executed under a pre-planned trading strategy.

Risks

• The sale of a large block of shares by a key executive, even under a 10b5-1 plan, could lead to short-term negative investor sentiment.
• The weighted average sale price indicates a range of prices, and the specific prices at which all shares were sold are not fully detailed, requiring further inquiry for complete transparency.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a past transaction.

Industry Context

StockSavvy.ai notes that insider sales, particularly by CEOs, are common and often executed under Rule 10b5-1 plans to diversify holdings or meet financial obligations. While such sales can sometimes create short-term market jitters, the existence of a pre-established plan mitigates concerns about trading on material non-public information.

Stakeholder Impact

• Shareholders: May interpret the sale as a signal, though the 10b5-1 plan mitigates concerns about insider trading. The sale reduces the CEO's direct stake, which could be a minor concern for some.
• Employees: Similar to shareholders, the impact is likely minimal given the planned nature of the sale.
• Creditors/Suppliers: No direct impact expected from this transaction.
• Customers: No direct impact expected from this transaction.

Next Steps

• The reporting person will continue to hold shares as per their beneficial ownership.

Key Dates

Recommendation

The filing reports a routine insider transaction executed under a Rule 10b5-1 plan. While insider sales can sometimes be a negative signal, the pre-planned nature of this transaction suggests it is for personal financial management rather than a reflection of negative company outlook. Therefore, a 'hold' recommendation is appropriate, pending other company-specific news or broader market trends.

Keywords

MGIC Investment Corp, MTG, Form 4, Insider Trading, Stock Sale, Rule 10b5-1, CEO, Timothy J. Mattke, Beneficial Ownership, Securities Exchange Act