Jagadeesh A. Reddy - Jul 19, 2023 Form 4 Insider Report for Mayville Engineering Company, Inc. (MEC)

Role
President & CEO, Director
Signature
/s/ Russell E. Ryba, Attorney-in-Fact for Jagadeesh A. Reddy
Stock symbol
MEC
Transactions as of
Jul 19, 2023
Transactions value $
-$115,072
Form type
4
Date filed
7/20/2023, 11:21 AM
Previous filing
Mar 2, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEC Common Stock Options Exercise $0 +32.1K +118.4% $0.00 59.1K Jul 19, 2023 Direct
transaction MEC Common Stock Tax liability -$115K -10.3K -17.35% $11.22 48.9K Jul 19, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MEC Restricted Stock Units Options Exercise $0 -32.1K -33.33% $0.00 64.1K Jul 19, 2023 Common Shares 32.1K $0.00 Direct F1
holding MEC Restricted Stock Units 50.9K Jul 19, 2023 Common Shares 50.9K $0.00 Direct F2
holding MEC Stock Option (right to buy) 88.9K Jul 19, 2023 Common Shares 88.9K $16.22 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will vest 1/3 on each of July 19, 2023, 2024 and 2025.
F2 The restricted stock units will vest 50% on each of February 28, 2024 and February 28, 2025.
F3 The options will vest 50% on each of February 28, 2024 and February 28, 2025.