Kenneth Bate - 05 Nov 2025 Form 4 Insider Report for MADRIGAL PHARMACEUTICALS, INC. (MDGL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
07 Nov 2025, 16:20:22 UTC
Prior SEC filing
15 Aug 2025
Next SEC filing
23 Jan 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Mardi Dier, as Attorney-in-Fact

Key filing fact

Kenneth Bate filed Form 4 for MADRIGAL PHARMACEUTICALS, INC. (MDGL) on 07 Nov 2025.

Key facts

  • This page summarizes Kenneth Bate's Form 4 filing for MADRIGAL PHARMACEUTICALS, INC. (MDGL).
  • 17 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 07 Nov 2025, 16:20.

Change

  • Previous filing in this sequence was filed on 15 Aug 2025.
  • Current net transaction value: -$4,628,318.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001210238 Primary reporting owner

BATE KENNETH

Relationship
Director
Address
C/O MADRIGAL PHARMACEUTICALS, INC., 200 BARR HARBOR DRIVE, SUITE 400, WEST CONSHOHOCKEN
Signature
/s/ Mardi Dier, as Attorney-in-Fact
Signature date
07 Nov 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MDGL transaction

Common Stock

Options Exercise

Transaction value
$51,692
Shares
+5,470
Change %
+208%
Price
$9.45
Shares after
8,097
Date
05 Nov 2025
Ownership
Direct
MDGL transaction

Common Stock

Options Exercise

Transaction value
$3,037,900
Shares
+10,000
Change %
+124%
Price
$303.79
Shares after
18,097
Date
05 Nov 2025
Ownership
Direct
MDGL transaction

Common Stock

Options Exercise

Transaction value
$309,444
Shares
+1,105
Change %
+6.1%
Price
$280.04
Shares after
19,202
Date
05 Nov 2025
Ownership
Direct
MDGL transaction

Common Stock

Sale

Transaction value
$846,663
Shares
-1,763
Change %
-9.2%
Price
$480.24
Shares after
17,439
Date
05 Nov 2025
Ownership
Direct
Footnotes
F1
MDGL transaction

Common Stock

Sale

Transaction value
$1,567,995
Shares
-3,259
Change %
-19%
Price
$481.13
Shares after
14,180
Date
05 Nov 2025
Ownership
Direct
Footnotes
F2
MDGL transaction

Common Stock

Sale

Transaction value
$619,417
Shares
-1,284
Change %
-9.1%
Price
$482.41
Shares after
12,896
Date
05 Nov 2025
Ownership
Direct
Footnotes
F3
MDGL transaction

Common Stock

Sale

Transaction value
$1,000,170
Shares
-2,069
Change %
-16%
Price
$483.41
Shares after
10,827
Date
05 Nov 2025
Ownership
Direct
Footnotes
F4
MDGL transaction

Common Stock

Sale

Transaction value
$936,105
Shares
-1,931
Change %
-18%
Price
$484.78
Shares after
8,896
Date
05 Nov 2025
Ownership
Direct
Footnotes
F5
MDGL transaction

Common Stock

Sale

Transaction value
$489,421
Shares
-1,008
Change %
-11%
Price
$485.54
Shares after
7,888
Date
05 Nov 2025
Ownership
Direct
Footnotes
F6
MDGL transaction

Common Stock

Sale

Transaction value
$402,530
Shares
-827
Change %
-10%
Price
$486.73
Shares after
7,061
Date
05 Nov 2025
Ownership
Direct
Footnotes
F7
MDGL transaction

Common Stock

Sale

Transaction value
$1,352,796
Shares
-2,775
Change %
-39%
Price
$487.49
Shares after
4,286
Date
05 Nov 2025
Ownership
Direct
Footnotes
F8
MDGL transaction

Common Stock

Sale

Transaction value
$340,409
Shares
-696
Change %
-16%
Price
$489.09
Shares after
3,590
Date
05 Nov 2025
Ownership
Direct
Footnotes
F9
MDGL transaction

Common Stock

Sale

Transaction value
$457,119
Shares
-933
Change %
-26%
Price
$489.95
Shares after
2,657
Date
05 Nov 2025
Ownership
Direct
Footnotes
F10
MDGL transaction

Common Stock

Sale

Transaction value
$14,729
Shares
-30
Change %
-1.1%
Price
$490.98
Shares after
2,627
Date
05 Nov 2025
Ownership
Direct
Footnotes
F11

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MDGL transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-5,470
Change %
-100%
Price
$0.000000
Shares after
0
Date
05 Nov 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,470
Exercise price
$9.45
Footnotes
F12
MDGL transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-10,000
Change %
-100%
Price
$0.000000
Shares after
0
Date
05 Nov 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,000
Exercise price
$303.79
Footnotes
F12
MDGL transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-1,105
Change %
-100%
Price
$0.000000
Shares after
0
Date
05 Nov 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,105
Exercise price
$280.04
Footnotes
F12
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $479.66 to $480.64, 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.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $480.71 to $481.68, inclusive.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $481.84 to $482.71, inclusive.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $483.00 to $483.92, inclusive.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $484.02 to $485.015, inclusive.

Footnote F6

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $485.10 to $486.04, inclusive.

Footnote F7

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $486.10 to $486.99, inclusive.

Footnote F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $487.13 to $488.09, inclusive.

Footnote F9

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $488.74 to $489.49, inclusive.

Footnote F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $489.74 to $490.7125, inclusive.

Footnote F11

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $490.7625 to $491.42, inclusive.

Footnote F12

The shares underlying this option are fully vested and exercisable.

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