Millrose Properties COO Robert Nitkin Buys 1,840 Shares

What Happened
Robert Nitkin, Chief Operating Officer of Millrose Properties, acquired 1,840 shares on 2026-05-12 at $26.60 per share, for a total reported cost of $48,944. The Form 4 lists the transaction as a purchase (code P), which is a direct insider buy rather than a sale.

Key Details

• Transaction date: 2026-05-12
• Transaction type: Open market or private purchase (Form 4 code P)
• Price per share: $26.60
• Shares acquired: 1,840
• Total value: $48,944
• Shares owned after transaction: Not specified in the filing
• Filing date: 2026-05-13 (timely filing)
• Footnotes/plans: None referenced in the filing

Context
This was a straightforward insider purchase of modest size (~$49k). Insider buys can be interpreted as a positive signal because executives are increasing personal stakes, but a single, relatively small purchase should be viewed as one data point among many when evaluating the company.