Van Den Born Simon 4
Research Summary
AI-generated summary
Marex Group (MRX) President Simon Van Den Born Sells Shares
What Happened
- Simon Van Den Born, President of Marex Group plc (MRX), sold a total of 13,264 ordinary shares in two transactions on April 1, 2026. He sold 8,710 shares at a weighted average price of $43.27 for proceeds of $376,867, and 4,554 shares at a weighted average price of $43.97 for proceeds of $200,238 — total proceeds ≈ $577,105. These were sales (S), not purchases.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely filing).
- Prices/ranges: first lot weighted avg $43.27 (individual trades in that lot ranged $42.77–$43.7650); second lot weighted avg $43.97 (individual trades in that lot ranged $43.77–$44.29).
- Total shares sold: 13,264; total proceeds ≈ $577,105.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes:
- Sale was made under a pre-arranged Rule 10b5-1 trading plan entered Dec 12, 2025 (Footnote F1).
- Weighted-average prices and per-trade price ranges are disclosed; the reporting person will provide per-price sale counts on request (F2, F3).
- Filing notes 383,741 shares underlying deferred bonus awards previously granted to the reporting person (these are contingent awards that may convert to shares upon vesting) (F4).
Context
- Because the sales were made under a Rule 10b5-1 plan, they were pre-scheduled trades and do not necessarily reflect the insider’s current view of the company. Sales are common for liquidity or tax-planning reasons; they are generally less informative about insider sentiment than purchases.