Reddy Jagadeesh A 4/A
4/A · Mayville Engineering Company, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Mayville Engineering (MEC) CEO Reddy Jagadeesh Sells Shares
What Happened
Reddy Jagadeesh A, President, CEO and Director of Mayville Engineering Company, Inc. (MEC), sold 17,294 shares on June 1, 2026 in an open-market transaction. The reported weighted-average price was $30.00 (actual prices ranged $30.00–$30.01), for a reported proceeds total of $518,822. This sale was effected under a Rule 10b5-1 trading plan and is a disposition (sale), which is generally considered routine selling rather than a bullish purchase signal.
Key Details
- Transaction date: June 1, 2026 (reported on an amended Form 4 filed June 3, 2026).
- Shares sold: 17,294; Reported proceeds: $518,822.
- Price: Weighted average $30.00; actual prices ranged $30.00–$30.01.
- Plan: Sale executed pursuant to a 10b5-1 trading plan adopted December 12, 2025 (F1).
- Amendment: Original Form 4 (filed June 2, 2026) reported 17,942 shares sold; this amended filing corrects the number to 17,294 and adjusts the post-transaction beneficial ownership reporting (F2).
- Post-transaction ownership: The amended filing corrects the beneficial ownership count; consult the SEC filing for the exact corrected total.
- Other footnotes: Filing includes standard notes about ESOP/401(k) balances and vesting schedules for various restricted stock units and options (F3–F8).
Context
- Trades under a 10b5-1 plan are preplanned and often used to avoid questions about timing; they do not necessarily indicate a change in the insider’s view on the company.
- This is a sale (S) — sales are common and not as informative as purchases for signaling confidence.
- The filing was amended to correct the number of shares sold; review the amended Form 4 on the SEC EDGAR site for full details and the corrected ownership table.
Insider Transaction Report
Form 4/AAmended
Reddy Jagadeesh A
DirectorPresident & CEO
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-06-01$30.00/sh−17,294$518,822→ 141,093 total
Holdings
- 2,300(indirect: By 401(k))
Common Stock
[F4] - 380(indirect: By Daughter)
Common Stock
- 36,317
Restricted Stock Units
[F5]Exercise: $0.00→ Common Shares (36,317 underlying) - 55,284
Restricted Stock Units
[F6]Exercise: $0.00→ Common Shares (55,284 underlying) - 74,986
Restricted Stock Units
[F7]Exercise: $0.00→ Common Shares (74,986 underlying) - 88,901
Stock Option (right to buy)
[F8]Exercise: $16.22→ Common Shares (88,901 underlying)
Footnotes (8)
- [F1]The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2025.
- [F2]The Form 4 filed on June 2, 2026 reported the sale of 17,942 shares on June 1, 2026. This amended Form 4 is being filed to report that the reporting person actually sold 17,294 shares on June 1, 2026 and to correct the number of shares beneficially owned following the reported transaction.
- [F3]The price in Column 4 is a weighted average price. The prices actually received ranged from $30.00 to $30.01. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
- [F4]Reflects the most recent ESOP and 401(k) balance.
- [F5]The restricted stock units will vest 1/3 on each of March 15, 2025, 2026 and 2027.
- [F6]The restricted stock units will vest 1/3 on each of March 15, 2026, 2027 and 2028.
- [F7]The restricted stock units will vest 1/3 on each of March 15, 2027, 2028 and 2029.
- [F8]The options will vest 50% on each of February 28, 2024 and February 28, 2025.
Signature
/s/ Garrett F. Bishop, Attorney-in-Fact for Jagadeesh A. Reddy|2026-06-03