Madrigal (MDGL) General Counsel Shannon T. Kelley Sells 664 Shares

What Happened

• Shannon T. Kelley, General Counsel of Madrigal Pharmaceuticals (MDGL), had 664 shares sold on August 17, 2026. The shares were sold at $514.97 per share for a total of about $341,940. This was a sale (routine) to satisfy tax withholding obligations tied to the vesting of restricted stock units, not an open discretionary trade.

Key Details

• Transaction date: 2026-08-17
• Price: $514.97 per share; Shares sold: 664; Proceeds ≈ $341,940
• Reason/footnote: Sale was executed by the issuer to cover tax withholding on vested RSUs; automatic and not at the Reporting Person's discretion (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: 2026-08-20 — filed three days after the transaction date (appears to be one business day late vs. the usual two-business-day Form 4 reporting requirement).

Context

• This was a sell-to-cover transaction related to RSU vesting (tax withholding), a routine administrative sale that does not necessarily indicate the insider’s view on the company’s stock. No 10b5-1 plan, gifts, option exercises, or other non-routine motives are indicated in the provided filing.