James M. Daly - 01 Apr 2024 Form 4 Insider Report for MADRIGAL PHARMACEUTICALS, INC. (MDGL)

Role
Director
Signature
/s/ Mardi Dier, as Attorney-in-Fact
Issuer symbol
MDGL
Transactions as of
01 Apr 2024
Net transactions value
-$4,897,286
Form type
4
Filing time
03 Apr 2024, 20:41:46 UTC
Previous filing
15 Aug 2023
Next filing
31 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDGL Common Stock Options Exercise $2,009,000 +20,000 +1669% $100.45* 21,198 01 Apr 2024 Direct
transaction MDGL Common Stock Options Exercise $165,711 +1,577 +7.4% $105.08* 22,775 01 Apr 2024 Direct
transaction MDGL Common Stock Sale $1,740,630 -6,809 -30% $255.64 15,966 01 Apr 2024 Direct F1, F2
transaction MDGL Common Stock Sale $1,898,371 -7,401 -46% $256.50 8,565 01 Apr 2024 Direct F1, F3
transaction MDGL Common Stock Sale $927,302 -3,604 -42% $257.30 4,961 01 Apr 2024 Direct F1, F4
transaction MDGL Common Stock Sale $377,094 -1,460 -29% $258.28 3,501 01 Apr 2024 Direct F1, F5
transaction MDGL Common Stock Sale $51,822 -200 -5.7% $259.11 3,301 01 Apr 2024 Direct F1, F6
transaction MDGL Common Stock Sale $209,604 -800 -24% $262.00 2,501 01 Apr 2024 Direct F1, F7
transaction MDGL Common Stock Sale $46,870 -178 -7.1% $263.31 2,323 01 Apr 2024 Direct F1, F8
transaction MDGL Common Stock Sale $92,977 -351 -15% $264.89 1,972 01 Apr 2024 Direct F1, F9
transaction MDGL Common Stock Sale $132,743 -500 -25% $265.49 1,472 01 Apr 2024 Direct F1, F10
transaction MDGL Common Stock Sale $73,132 -274 -19% $266.91 1,198 01 Apr 2024 Direct F1, F11
transaction MDGL Common Stock Options Exercise $1,146,633 +10,912 +911% $105.08* 12,110 02 Apr 2024 Direct F12
transaction MDGL Common Stock Sale $204,821 -842 -7% $243.26 11,268 02 Apr 2024 Direct F1, F13
transaction MDGL Common Stock Sale $1,533,286 -6,279 -56% $244.19 4,989 02 Apr 2024 Direct F1, F14
transaction MDGL Common Stock Sale $732,480 -2,991 -60% $244.89 1,998 02 Apr 2024 Direct F1, F15
transaction MDGL Common Stock Sale $137,187 -557 -28% $246.30 1,441 02 Apr 2024 Direct F1, F16
transaction MDGL Common Stock Sale $10,622 -43 -3% $247.03 1,398 02 Apr 2024 Direct F1, F16
transaction MDGL Common Stock Sale $49,690 -200 -14% $248.45 1,198 02 Apr 2024 Direct F1, F17

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 MDGL Stock Option (Right to Buy) Options Exercise $0 -20,000 -100% $0.000000* 0 01 Apr 2024 Common Stock 20,000 $100.45 Direct F18
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -1,577 -13% $0.000000 10,912 01 Apr 2024 Common Stock 1,577 $105.08 Direct F18
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -10,912 -100% $0.000000* 0 02 Apr 2024 Common Stock 10,912 $105.08 Direct F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 (1) These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 16, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $255.01 to $256.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and the footnotes below.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.01 to $257.00, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $257.01 to $258.00, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.01 to $258.93, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.10 to $259.12, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.59 to $262.15, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $263.09 to $264.07, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $264.11 to $265.07, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.35 to $265.64, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.73 to $267.21, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $242.58 to $243.56, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $243.60 to $244.58, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.61 to $245.53, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.62 to $246.54, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.72 to $247.24, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.96 to $248.72, inclusive.
F18 The shares underlying this option are fully vested and exercisable.

Remarks:

Exhibit 24 - Power of Attorney