Form 4: Moelis & Co. Co-President Navid Mahmoodzadegan Reports Sale of 44,980 Shares

Navid Mahmoodzadegan, Co-President and MD of Moelis & Co, reported selling 44,980 shares of Class A Common Stock at $54.92 per share on May 13, 2024, resulting in zero shares directly owned following the transaction.

Summary

• On May 13, 2024, Navid Mahmoodzadegan, Co-President and Managing Director of Moelis & Co., sold 44,980 shares of Class A Common Stock.
• The sale price was $54.92 per share.
• Following the transaction, Mr. Mahmoodzadegan directly owns zero shares.
• Mr. Mahmoodzadegan's ownership includes 692,837 units of unvested or restricted equity granted as incentive compensation for fiscal years 2019 through 2023.
• It also includes 70,055 units of equity subject to vesting and performance provisions granted as incentive compensation for fiscal year 2022.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when an officer of a publicly traded company buys or sells shares in their company. It provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by a company executive can sometimes be perceived negatively by shareholders, but in isolation, it doesn't necessarily indicate a problem.

Key Dates