Tonucci Paolo 4

What Happened

• Paolo Tonucci, Chief Strategist and CEO, Capital Markets at Marex Group Ltd, sold a total of 16,666 ordinary shares on July 13, 2026 via open-market/private sales (Form 4, code S).
• The sales broke down as: 11,850 shares at a weighted avg $64.22 for $761,058; 4,584 shares at a weighted avg $64.85 for $297,271; and 232 shares at a weighted avg $65.73 for $15,249 — total proceeds $1,073,578. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: July 13, 2026; Form 4 filed July 15, 2026 (appears within the typical 2-business-day window).
• Reported prices and ranges:
  • 11,850 shares reported at $64.22 (sold in trades ranging $63.645–$64.645).
  • 4,584 shares reported at $64.85 (sold in trades ranging $64.65–$65.57).
  • 232 shares reported at $65.73 (sold in trades ranging $65.715–$65.75).
    The filer offers to provide a full breakdown of shares sold at each price on request (per the footnotes).
• Shares owned after transaction: not specified in this Form 4. The filing notes that reported holdings include 220,746 shares underlying deferred bonus awards previously granted to the Reporting Person.
• Notable footnotes: F1 — sale effected pursuant to a Rule 10b5-1 trading plan entered Oct 22, 2025; F2–F4 — weighted-average price ranges with offer to disclose per-price breakdown; F5 — includes deferred bonus awards.

Context

• The sale was executed under a Rule 10b5-1 plan, a pre-arranged program that allows insiders to sell shares according to a preset schedule. Such plan-based sales are commonly viewed as routine and do not by themselves indicate a change in the insider’s view of the company.
• For retail investors: purchases by insiders typically carry more informational weight than routine sales; this filing documents a scheduled sale totaling about $1.07M rather than an opportunistic purchase.