4Filed Jun 1, 8:00 PM ET
Mayville Engineering CEO Reddy Jagadeesh Sells 17,942 Shares
$MEC · Mayville Engineering Company, Inc.Research Summary
AI-generated summary of this SEC filing
Mayville Engineering CEO Reddy Jagadeesh Sells 17,942 Shares
What Happened
Reddy Jagadeesh A, President, CEO and Director of Mayville Engineering Company, sold 17,942 shares in an open-market transaction on June 1, 2026. The weighted-average sale price was $30.00 (actual sale prices ranged $30.00–$30.01), for total proceeds of approximately $538,262. This was a sale (S) reported on a Form 4.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 2, 2026 (timely filing).
- Shares sold: 17,942; weighted-average price: $30.00; proceeds ≈ $538,262. (Prices actually received ranged $30.00–$30.01.) [F2]
- Reported as effected under a Rule 10b5-1 trading plan adopted December 12, 2025. [F1]
- Shares owned after transaction: not specified in the provided summary of the filing.
- Transaction code: S (sale).
- Other footnotes in the filing detail ESOP/401(k) balances and various RSU/option vesting schedules for the officer (F3–F7), but those are separate from this sale.
Context
Sales executed under a Rule 10b5-1 plan are pre-established trading arrangements that schedule transactions in advance; they are common for insiders and are not by themselves a direct signal of the insider’s current view. For retail investors, purchases usually carry more informational weight than routine, pre-planned sales.