Richman Darren 4
4 · Millrose Properties, Inc. · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Millrose (MRP) CEO Darren Richman Buys 235,000 Shares
What Happened Darren Richman, Chief Executive Officer and President of Millrose Properties, purchased a total of 235,000 shares of MRP stock in transactions reported for May 11, 2026. The filing shows two purchase entries: 195,000 shares ($5,325,840) and 40,000 shares ($1,092,480), for a combined reported value of approximately $6,418,320 at a weighted average price of $27.31 per share. These were purchase transactions (code P), which represent insider buying rather than selling.
Key Details
- Transaction date: May 11, 2026; Form 4 filed: May 13, 2026 (filed two days after the trades, generally timely under Section 16 rules).
- Reported weighted-average price: $27.31; actual trade prices ranged from $27.1683 to $27.4250 (footnote F1).
- Share breakdown: 195,000 shares (≈ $5.326M) and 40,000 shares (≈ $1.092M); total 235,000 shares (~$6.418M).
- Shares owned after transaction: Not disclosed in the provided filing details.
- Holding/ownership notes: Some shares are held in a joint account with the reporting person’s spouse (F2); others are held in a trust for the benefit of the reporting person’s children and spouse, where the reporting person disclaims beneficial ownership except for pecuniary interest and serves as investment manager (F3).
- Transaction type: Reported as open market or private purchases (code P).
Context Purchases by a company CEO are often watched by investors as an indicator of insider buying, but filings are factual records and do not state motivation. Footnotes indicate the filing’s price is a weighted average across multiple trades and describe family and trust holdings; these affect legal/beneficial ownership disclosures but do not change the fact of the purchases.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1][F2]2026-05-11$27.31/sh+195,000$5,325,840→ 416,000 total - Purchase
Class A Common Stock
[F1][F3]2026-05-11$27.31/sh+40,000$1,092,480→ 84,000 total(indirect: By Trust)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.1683 to $27.4250, inclusive. The reporting person undertakes to provide to Millrose Properties, Inc., any security holder of Millrose Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]Shares are held in a joint account with the reporting person's spouse.
- [F3]These shares are held in a trust for the benefit of the reporting person's children and spouse. The reporting person's spouse is a co-trustee of the trust. The reporting person is the investment manager for the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report should not be deemed to be an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.