Officer and Director Steven Yi Files Intent to Sell $473K in MediaAlpha Stock, Continuing Recent Sales Trend
summarizeSummary
MediaAlpha Officer and Director Steven Yi has filed a Form 144 to sell 48,000 shares valued at approximately $473,395, continuing a pattern of significant insider sales over the past three months.
check_boxKey Events
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Officer and Director Files Intent to Sell
Steven Yi, an Officer and Director of MediaAlpha, Inc., has filed a Form 144 indicating his intent to sell 48,000 shares of common stock.
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Proposed Sale Value
The proposed sale has an approximate market value of $473,395.00, with an estimated sale date of March 9, 2026.
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Ongoing Insider Distribution
This filing is part of a continuous selling pattern by Steven Yi, who has already sold 304,000 shares for gross proceeds of $3,347,911.00 in the past three months, indicating a sustained reduction in his holdings.
auto_awesomeAnalysis
This Form 144 indicates an officer and director's intent to sell a notable amount of stock, adding to a pattern of continuous insider selling. While the proposed sale of $473,395 is not individually massive, it contributes to a broader distribution signal from a key insider. Steven Yi has already sold over $3.3 million in shares in the past three months, suggesting a sustained effort to reduce his holdings. This ongoing selling by an officer and director could be interpreted negatively by investors, especially given the company's recent financial reporting and share repurchase program.
At the time of this filing, MAX was trading at $9.98 on NYSE in the Trade & Services sector, with a market capitalization of approximately $643.7M. The 52-week trading range was $7.09 to $13.92. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.