Jagadeesh A. Reddy - Feb 28, 2024 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
Feb 28, 2024
Transactions value $
-$97,412
Form type
4
Date filed
3/1/2024, 04:39 PM
Previous filing
Jul 20, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEC Common Stock Options Exercise $0 +25.4K +52.04% $0.00 74.3K Feb 28, 2024 Direct
transaction MEC Common Stock Tax liability -$97.4K -8.14K -10.95% $11.97 66.2K Feb 28, 2024 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 -25.4K -50% $0.00 25.4K Feb 28, 2024 Common Shares 25.4K $0.00 Direct F1
holding MEC Restricted Stock Units 64.1K Feb 28, 2024 Common Shares 64.1K $0.00 Direct F2
holding MEC Stock Option (right to buy) 88.9K Feb 28, 2024 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 50% on each of February 28, 2024 and February 28, 2025.
F2 The restricted stock units will vest 1/3 on each of July 19, 2023, 2024 and 2025.
F3 The options will vest 50% on each of February 28, 2024 and February 28, 2025.