Yi Steven 4
Research Summary
AI-generated summary
MediaAlpha (MAX) CEO Yi Steven Sells 96,000 Shares
What Happened
- Yi Steven, MediaAlpha’s Chief Executive Officer, President, and Co‑founder, sold 96,000 shares on 2026-07-01. The weighted‑average sale price was $12.90 per share (range $12.43–$13.085), for total proceeds of $1,238,669. The sales were effected under a Rule 10b5‑1 trading plan.
Key Details
- Transaction date: 2026-07-01
- Transaction type: Sale (open market/private sale), reported as S
- Price: Weighted‑average $12.90; individual sale prices ranged $12.43 to $13.085 (filing offers per‑price breakdown on request)
- Proceeds: $1,238,669
- Shares owned after transaction: Not specified in the provided filing summary
- Footnotes: F1 indicates the sales were made under a 10b5‑1 plan primarily to cover taxes from RSU vesting; F2 notes the weighted‑average reflects multiple sale prices and offers to provide per‑price details on request
- Timeliness: Reported the same day as the transaction (no late filing indicated)
Context
- The filing states the sales were made pursuant to a pre‑arranged 10b5‑1 plan to cover tax obligations from vested RSUs, which is a common, routine reason for insider sales. This is factual reporting of a sale—retail investors often view purchases as a stronger signal of insider confidence, while planned sales like this are typically tax- or liquidity‑driven.