MacKenzie Realty Capital (MKZR) GC Charles E. Patterson Buys 66,600 Shares
$MKZR · MacKenzie Realty Capital, Inc.Research Summary
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MacKenzie Realty Capital (MKZR) GC Charles E. Patterson Buys 66,600 Shares
What Happened Charles E. Patterson II, General Counsel/Secretary and a director of MacKenzie Realty Capital, bought a total of 66,600 shares of MKZR in two open-market transactions. On 2026-07-31 he acquired 36,600 shares at a weighted average price of $1.41 (total ≈ $51,606); on 2026-08-03 he acquired 30,000 shares at a weighted average price of $1.20 (total = $36,000). These were purchases (code P), which are commonly viewed as a bullish signal but do not prove insider expectations.
Key Details
- Transaction dates and prices:
- 2026-07-31 — 36,600 shares; weighted avg price reported $1.41; price range per footnote: $1.21–$1.50.
- 2026-08-03 — 30,000 shares; weighted avg price reported $1.20; price range per footnote: $1.10–$1.29.
- Total shares purchased: 66,600; total disclosed cash outlay: ≈ $87,606.
- Shares owned after transaction: not specified in this Form 4.
- Notable footnotes:
- F1/F2: Reported prices are weighted averages; filer will provide breakdown of number of shares at each price within the stated ranges upon request.
- F3–F5: The filing notes certain trust/partnership interests (Berniece Patterson Legacy Trust, MacKenzie Real Estate Advisers, MPF Successors) in which the filer has an interest; the filer disclaims beneficial ownership of those securities except to the extent of any pecuniary interest.
- Filing timing: Form 4 was filed on 2026-08-04 covering trades on 2026-07-31 and 2026-08-03. The 7/31 trade appears to have been reported several days after the trade (Form 4s are typically due within two business days).
Context These were straightforward open-market purchases (no option exercises, gifts, or awards). Purchases by an insider can attract attention from retail investors as a potential sign of confidence, but they do not disclose the insider’s motives. The footnotes indicate the filer can be connected to certain trusts/vehicles that also own MRC shares; the filer disclaims broader beneficial ownership beyond any pecuniary interest.