Form 4: MGP Ingredients Director Karen Seaberg Sells Shares Under 10b5-1 Plan

Karen Seaberg, a director and 10% owner of MGP Ingredients, sold 1,109 shares of common stock at a weighted average price of $90.14 per share on September 4, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 4, 2024, Karen Seaberg, a director and 10% owner of MGP Ingredients Inc., sold 1,109 shares of the company's common stock.
• The sale was executed at a weighted average price of $90.14 per share, with individual transactions ranging from $90.03 to $90.16.
• The transaction was conducted under a Rule 10b5-1(c) trading plan adopted on March 12, 2024.
• Following the transaction, Karen Seaberg continues to beneficially own a significant amount of MGP Ingredients stock through various direct and indirect holdings, including holdings by Cray MGP Holdings LP (2,128,425 shares), IRA (85,985 shares), GST Trust for LM (54,542 shares), GST Trust for MH (61,522 shares), Seaberg MGP Holdings (385,661 shares), and Trust (134,969 shares).

Sentiment

Score: 5

Explanation: The sentiment is neutral. The sale was conducted under a pre-arranged trading plan, so it doesn't necessarily reflect a change in the director's outlook. However, any insider selling can be perceived negatively by the market.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of trading on material non-public information. The market will often look at the ratio of insider sales to insider buys to determine sentiment.

Stakeholder Impact

• The sale could have a minor negative impact on shareholder sentiment, although the pre-planned nature of the sale mitigates this concern.

Key Dates