Karen Seaberg - Feb 16, 2024 Form 4 Insider Report for MGP INGREDIENTS INC (MGPI)

Signature
Karen Seaberg
Stock symbol
MGPI
Transactions as of
Feb 16, 2024
Transactions value $
-$299,976
Form type
4
Date filed
2/16/2024, 03:37 PM
Previous filing
Jan 5, 2024
Next filing
May 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGPI common stock Sale -$300K -3.33K -2.25% $90.11 145K Feb 16, 2024 by Trust F1, F2
holding MGPI common stock 2.14M Feb 16, 2024 by Cray MGP Holdings LP
holding MGPI common stock 87.1K Feb 16, 2024 by IRA
holding MGPI common stock 55.4K Feb 16, 2024 by GST Trust for LM
holding MGPI common stock 61.9K Feb 16, 2024 by GST Trust for MH
holding MGPI common stock 392K Feb 16, 2024 by Seaberg MGP Holdings
holding MGPI common stock 733 Feb 16, 2024 Direct
* 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 These shares were sold pursuant to a Rule 10b5-1(c) trading plan adopted by the reporting person on March 14, 2023.
F2 Represents a weighted average price per share. These shares were sold in multiple transactions at prices ranging from $90.11 to $90.48 per share. The reporting person undertakes to provide to MGP Ingredients, Inc., any security holder of MGP Ingredients, Inc., 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.