MGTI 10% Owner Kittrell Grady Sells 3.25M Shares

What Happened

• Kittrell Grady, reported as a 10% owner of MGT Capital Investments, Inc. (MGTI), sold 3,250,000 shares on 2026-07-31 at $0.10 per share, for aggregate proceeds of $325,000. This was a sale (code S), not a purchase—sales are often routine and do not necessarily signal a change in company outlook.

Key Details

• Transaction date: 2026-07-31; Price: $0.10 per share; Shares sold: 3,250,000; Total proceeds: $325,000.
• Transaction type: Sale (S) — described as "open market or private sale."
• Shares owned after the transaction: Not specified in the provided filing.
• Filing date/accession: Report filed 2026-08-04 (filed within the typical Form 4 two-business-day window).
• Footnote: The sold securities are directly held by Project Nickel LLC. DAXvest LLC is the managing member of Project Nickel LLC, and Mr. Kittrell is the sole member/manager of DAXvest LLC. Both DAXvest LLC and Mr. Kittrell disclaim beneficial ownership and state this report should not be taken as an admission of beneficial ownership for Section 16 purposes.

Context

• As a reported 10% owner, this transaction reflects activity by related entities rather than necessarily by an individual executive. The filing’s disclaimer about beneficial ownership means the underlying ownership structure is through affiliated LLCs; retail investors should treat such entity-held sales differently than direct insider sales by officers or directors. Sales are generally less indicative of positive conviction than purchases; this report is factual and does not assign motive.