NYLI MacKay (MMD) Portfolio Manager John Lawlor Sells 1,250 Shares

What Happened John J. Lawlor, a portfolio manager at NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD), reported two sales on Aug 7, 2026. He sold 100 shares at $15.02 ($1,502) and 1,150 shares at $15.00 ($17,250), for combined proceeds of $18,752. These were recorded as open-market or private sales (code S). Sales are often routine and do not necessarily signal a change in sentiment the way purchases might.

Key Details

• Transaction dates: August 7, 2026; filing date: August 10, 2026 (timely).
• Prices & amounts: 100 shares @ $15.02 ($1,502); 1,150 shares @ $15.00 ($17,250); total = $18,752.
• Transaction type: S = Sale (open-market or private sale per Form 4).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes/plans: filing did not cite a 10b5-1 plan, tax-withholding, or other footnotes in the summary provided.

Context Insider sales can be for many personal or portfolio reasons and are generally less informative than insider purchases for assessing insider confidence. This Form 4 was filed within the required reporting window, so there is no late-filing flag.