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

Director Karen Seaberg sold shares of MGP Ingredients Inc. on April 1, 2025, under a pre-arranged Rule 10b5-1(c) trading plan.

Summary

• Karen Seaberg, a director of MGP Ingredients Inc., executed sales of common stock on April 1, 2025.
• The sales were conducted under a Rule 10b5-1(c) trading plan adopted on March 12, 2024.
• A total of 58,990 shares were sold in multiple transactions at weighted average prices of $27.94, $28.38, and $28.77.
• The sales resulted in adjustments to the number of shares beneficially owned by Seaberg through various entities, including GST Trusts, IRA, Seaberg MGP Holdings, Cray MGP Holdings LP, and a Trust.
• Following the reported transactions, Seaberg's indirect beneficial ownership includes 58,990 shares held by GST Trust for MH, 52,001 shares held by GST Trust for LM, 83,054 shares held by IRA, 283,569 shares held by Seaberg MGP Holdings, 1,760,934 shares held by Cray MGP Holdings LP, and 114,205 shares held by a Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.

Industry Context

Sales by insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding accusations of trading on inside information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
• The sales do not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

MGP Ingredients, Karen Seaberg, Form 4, Stock Sale, Rule 10b5-1, Director, Beneficial Ownership, Trading Plan