Mayville Engineering CEO Jagadeesh Reddy Sells 15,688 Shares
$MEC · Mayville Engineering Company, Inc.Research Summary
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Mayville Engineering CEO Jagadeesh Reddy Sells 15,688 Shares
What Happened
Jagadeesh Reddy (President, CEO and Director) sold 15,688 shares of Mayville Engineering Company, Inc. in an open-market transaction on June 11, 2026. The transaction was reported at a weighted-average price of $35.05 per share, for a total proceeds of about $549,824. This was a sale (S), executed under a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-12 (timely).
- Shares sold: 15,688; weighted-average price: $35.05; reported total proceeds: ~$549,824.
- Reported price range: $35.00 to $35.28 (footnote: breakdown by price available on request) (F2).
- Transaction executed pursuant to a Rule 10b5-1 trading plan adopted 2025-12-12 (F1).
- Filing does not show the total shares owned after this sale in the provided excerpt — see the full Form 4 for post-transaction holdings and ESOP/401(k) balances (F3).
- Other footnotes in the filing reference outstanding RSU and option vesting schedules (F4–F7) but those items were not part of this reported sale.
Context
Sales made under a Rule 10b5-1 plan are pre-arranged and typically indicate routine disposition rather than a realtime trading decision based on nonpublic information. For retail investors, purchases are generally more informative than scheduled sales; this single reported sale does not by itself indicate management sentiment. See the complete Form 4 for full ownership details and any additional disclosures.