Mayville Engineering Company, Inc.·4/A

Jun 3, 5:10 PM ET

Reddy Jagadeesh A 4/A

Research Summary

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Updated

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.