Reddy Jagadeesh A 4
Research Summary
AI-generated summary
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.