Jagadeesh A. Reddy - 19 Jul 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
Issuer symbol
MEC
Transactions as of
19 Jul 2023
Net transactions value
-$115,072
Form type
4
Filing time
20 Jul 2023, 11:21:04 UTC
Previous filing
02 Mar 2023
Next filing
01 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEC Common Stock Options Exercise $0 +32,052 +118% $0.000000 59,123 19 Jul 2023 Direct
transaction MEC Common Stock Tax liability $115,072 -10,256 -17% $11.22 48,867 19 Jul 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 -32,052 -33% $0.000000 64,102 19 Jul 2023 Common Shares 32,052 $0.000000 Direct F1
holding MEC Restricted Stock Units 50,864 19 Jul 2023 Common Shares 50,864 $0.000000 Direct F2
holding MEC Stock Option (right to buy) 88,901 19 Jul 2023 Common Shares 88,901 $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.