AG˹ٷ

STOCK TITAN

[Form 4] MediaAlpha, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

MediaAlpha (MAX) Form 4 � Reporting person: Yeh Kuanling Amy, Chief Technology Officer. On 08/15/2025 Ms. Yeh had multiple restricted stock units (RSUs) vest and received issued shares: 5,210, 5,303 and 4,803 Class A common shares upon vesting of RSUs granted in 2022, 2023 and 2024. Those issuances increased her reported beneficial ownership to 405,347 shares before a sale. On the same date she sold 6,000 shares at a weighted-average price of $10.1953 per share under a previously adopted Rule 10b5-1 trading plan, leaving 399,347 shares beneficially owned. The filing includes derivative detail showing the underlying RSU balances and states vesting schedules tied to continued employment.

MediaAlpha (MAX) Modulo 4 � Persona segnalante: Yeh Kuanling Amy, Chief Technology Officer. In data 15/08/2025 la Sig.ra Yeh ha visto maturare più unità azionarie vincolate (RSU) e ha ricevuto azioni emesse: 5.210, 5.303 e 4.803 azioni ordinarie di Classe A alla maturazione di RSU assegnate nel 2022, 2023 e 2024. Queste emissioni hanno aumentato la sua partecipazione beneficiaria segnalata a 405.347 azioni prima di una vendita. Nello stesso giorno ha venduto 6.000 azioni a un prezzo medio ponderato di $10.1953 per azione nell'ambito di un piano di negoziazione 10b5-1 precedentemente adottato, restando con 399.347 azioni di proprietà beneficiaria. La comunicazione include i dettagli sui derivati che mostrano i saldi sottostanti delle RSU e indica che i piani di maturazione sono legati alla prosecuzione dell'impiego.

MediaAlpha (MAX) Formulario 4 � Persona informante: Yeh Kuanling Amy, Chief Technology Officer. El 15/08/2025 la Sra. Yeh tuvo la consolidación de varias unidades restringidas de acciones (RSU) y recibió acciones emitidas: 5.210, 5.303 y 4.803 acciones ordinarias Clase A al vencimiento de RSU otorgadas en 2022, 2023 y 2024. Esas emisiones elevaron su propiedad beneficiaria reportada a 405.347 acciones antes de una venta. Ese mismo día vendió 6.000 acciones a un precio medio ponderado de $10.1953 por acción bajo un plan de negociación 10b5-1 adoptado previamente, quedando con 399.347 acciones en propiedad beneficiaria. La presentación incluye detalles de derivados que muestran los saldos subyacentes de las RSU y establece que los calendarios de consolidación están vinculados a la continuidad del empleo.

MediaAlpha (MAX) 양식 4 � 보고�: �(Ye) 콴링 � 에이�(Yeh Kuanling Amy), 최고기술책임�(CTO). 2025� 8� 15� � 씨는 다수� 제한 주식 단위(RSU)가 행사되어 발행주식� 수령했습니다: RSU가 성숙되며 각각 5,210, 5,303, 4,803 클래� A 보통주를 받았습니�(2022, 2023, 2024년에 부�). 해당 발행으로 인해 매도 � 보고� 실소� 지분이 405,347주로 증가했습니다. 같은 � 그녀� 이전� 채택� 10b5-1 거래계획� 따라 주당 가중평균가� $10.19536,000주를 매도하여 실소� 지분이 399,347주로 남게 되었습니�. 제출서에� 기초 RSU 잔액� 보여주는 파생상품 세부사항� 취업 지속에 연동� 베스�(권리확정) 일정� 명시되어 있습니다.

MediaAlpha (MAX) Formulaire 4 � Personne déclarante�: Yeh Kuanling Amy, Chief Technology Officer. Le 15/08/2025, Mme Yeh a vu plusieurs unités d'actions restreintes (RSU) parvenir à échéance et a reçu des actions émises�: 5�210, 5�303 et 4�803 actions ordinaires de catégorie A lors de la levée des RSU attribuées en 2022, 2023 et 2024. Ces émissions ont porté sa participation bénéficiaire déclarée à 405�347 actions avant une cession. Le même jour, elle a vendu 6�000 actions à un prix moyen pondéré de $10.1953 par action dans le cadre d'un plan de négociation 10b5-1 antérieurement adopté, laissant 399�347 actions en propriété bénéficiaire. Le dépôt comprend des détails sur les dérivés montrant les soldes sous-jacents des RSU et précise que les calendriers d'acquisition (vesting) sont liés à la poursuite de l'emploi.

MediaAlpha (MAX) Formular 4 � Meldende Person: Yeh Kuanling Amy, Chief Technology Officer. Am 15.08.2025 sind bei Frau Yeh mehrere Restricted Stock Units (RSUs) fällig geworden und es wurden ausgegebene Aktien erhalten: 5.210, 5.303 und 4.803 Class-A-Stammaktien bei der Vesting der RSUs, die 2022, 2023 bzw. 2024 gewährt wurden. Diese Ausgaben erhöhten ihr gemeldetes wirtschaftliches Eigentum auf 405.347 Aktien vor einem Verkauf. Am selben Tag verkaufte sie 6.000 Aktien zu einem gewichteten Durchschnittspreis von $10.1953 je Aktie im Rahmen eines zuvor eingeführten Rule-10b5-1-Handelsplans und behielt 399.347 wirtschaftlich inne. Die Einreichung enthält derivative Angaben, die die zugrunde liegenden RSU-Salden zeigen, und weist darauf hin, dass die Vesting-Zeitpläne an die Fortdauer des Beschäftigungsverhältnisses gebunden sind.

Positive
  • RSUs vested across multiple grant years, demonstrating scheduled equity compensation delivery
  • Sale executed under a Rule 10b5-1 plan, increasing procedural transparency and reducing timing ambiguity
  • Filing discloses exact share counts and weighted-average sale price, supporting clear disclosure
Negative
  • Reported sale reduced direct beneficial ownership by 6,000 shares to 399,347 shares
  • Sale realized at a modest weighted-average price of $10.1953, which may represent partial monetization of recently vested equity

Insights

TL;DR: Insider received vested equity and executed a planned sale under a 10b5-1 plan; disclosure is routine and transparent.

The filing shows customary equity compensation vesting and a contemporaneous sale executed pursuant to a Rule 10b5-1 plan, which generally mitigates timing concerns about insider sales. The report discloses exact share counts, grant vintages (2022, 2023, 2024) and the weighted-average sale price range supporting transparency. No indirect ownership or atypical transfer mechanisms are disclosed.

TL;DR: RSU vesting across three grant years increases equity alignment; a small portion was sold under an automated plan.

The filing documents vesting of RSUs from three consecutive grant years with standard quarterly vesting after an initial one-sixteenth vest. The aggregate vested shares issued (15,316) reflect routine compensation realization. The sale of 6,000 shares at a weighted-average price of $10.1953 partially monetized the vesting event, consistent with typical post-vesting liquidity choices under preset plans.

MediaAlpha (MAX) Modulo 4 � Persona segnalante: Yeh Kuanling Amy, Chief Technology Officer. In data 15/08/2025 la Sig.ra Yeh ha visto maturare più unità azionarie vincolate (RSU) e ha ricevuto azioni emesse: 5.210, 5.303 e 4.803 azioni ordinarie di Classe A alla maturazione di RSU assegnate nel 2022, 2023 e 2024. Queste emissioni hanno aumentato la sua partecipazione beneficiaria segnalata a 405.347 azioni prima di una vendita. Nello stesso giorno ha venduto 6.000 azioni a un prezzo medio ponderato di $10.1953 per azione nell'ambito di un piano di negoziazione 10b5-1 precedentemente adottato, restando con 399.347 azioni di proprietà beneficiaria. La comunicazione include i dettagli sui derivati che mostrano i saldi sottostanti delle RSU e indica che i piani di maturazione sono legati alla prosecuzione dell'impiego.

MediaAlpha (MAX) Formulario 4 � Persona informante: Yeh Kuanling Amy, Chief Technology Officer. El 15/08/2025 la Sra. Yeh tuvo la consolidación de varias unidades restringidas de acciones (RSU) y recibió acciones emitidas: 5.210, 5.303 y 4.803 acciones ordinarias Clase A al vencimiento de RSU otorgadas en 2022, 2023 y 2024. Esas emisiones elevaron su propiedad beneficiaria reportada a 405.347 acciones antes de una venta. Ese mismo día vendió 6.000 acciones a un precio medio ponderado de $10.1953 por acción bajo un plan de negociación 10b5-1 adoptado previamente, quedando con 399.347 acciones en propiedad beneficiaria. La presentación incluye detalles de derivados que muestran los saldos subyacentes de las RSU y establece que los calendarios de consolidación están vinculados a la continuidad del empleo.

MediaAlpha (MAX) 양식 4 � 보고�: �(Ye) 콴링 � 에이�(Yeh Kuanling Amy), 최고기술책임�(CTO). 2025� 8� 15� � 씨는 다수� 제한 주식 단위(RSU)가 행사되어 발행주식� 수령했습니다: RSU가 성숙되며 각각 5,210, 5,303, 4,803 클래� A 보통주를 받았습니�(2022, 2023, 2024년에 부�). 해당 발행으로 인해 매도 � 보고� 실소� 지분이 405,347주로 증가했습니다. 같은 � 그녀� 이전� 채택� 10b5-1 거래계획� 따라 주당 가중평균가� $10.19536,000주를 매도하여 실소� 지분이 399,347주로 남게 되었습니�. 제출서에� 기초 RSU 잔액� 보여주는 파생상품 세부사항� 취업 지속에 연동� 베스�(권리확정) 일정� 명시되어 있습니다.

MediaAlpha (MAX) Formulaire 4 � Personne déclarante�: Yeh Kuanling Amy, Chief Technology Officer. Le 15/08/2025, Mme Yeh a vu plusieurs unités d'actions restreintes (RSU) parvenir à échéance et a reçu des actions émises�: 5�210, 5�303 et 4�803 actions ordinaires de catégorie A lors de la levée des RSU attribuées en 2022, 2023 et 2024. Ces émissions ont porté sa participation bénéficiaire déclarée à 405�347 actions avant une cession. Le même jour, elle a vendu 6�000 actions à un prix moyen pondéré de $10.1953 par action dans le cadre d'un plan de négociation 10b5-1 antérieurement adopté, laissant 399�347 actions en propriété bénéficiaire. Le dépôt comprend des détails sur les dérivés montrant les soldes sous-jacents des RSU et précise que les calendriers d'acquisition (vesting) sont liés à la poursuite de l'emploi.

MediaAlpha (MAX) Formular 4 � Meldende Person: Yeh Kuanling Amy, Chief Technology Officer. Am 15.08.2025 sind bei Frau Yeh mehrere Restricted Stock Units (RSUs) fällig geworden und es wurden ausgegebene Aktien erhalten: 5.210, 5.303 und 4.803 Class-A-Stammaktien bei der Vesting der RSUs, die 2022, 2023 bzw. 2024 gewährt wurden. Diese Ausgaben erhöhten ihr gemeldetes wirtschaftliches Eigentum auf 405.347 Aktien vor einem Verkauf. Am selben Tag verkaufte sie 6.000 Aktien zu einem gewichteten Durchschnittspreis von $10.1953 je Aktie im Rahmen eines zuvor eingeführten Rule-10b5-1-Handelsplans und behielt 399.347 wirtschaftlich inne. Die Einreichung enthält derivative Angaben, die die zugrunde liegenden RSU-Salden zeigen, und weist darauf hin, dass die Vesting-Zeitpläne an die Fortdauer des Beschäftigungsverhältnisses gebunden sind.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Yeh Kuanling Amy

(Last) (First) (Middle)
C/O MEDIAALPHA, INC.
700 SOUTH FLOWER STREET, SUITE 640

(Street)
LOS ANGELES CA 90017

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MediaAlpha, Inc. [ MAX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/15/2025 M 5,210 A $0(1) 395,241 D
Class A Common Stock 08/15/2025 M 5,303 A $0(1) 400,544 D
Class A Common Stock 08/15/2025 M 4,803 A $0(1) 405,347 D
Class A Common Stock 08/15/2025 S(2) 6,000 D $10.1953(3) 399,347 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (4) 08/15/2025 M 5,210 (5) (5) Class A Common Stock 5,210 $0 10,419 D
Restricted Stock Units (6) 08/15/2025 M 5,303 (7) (7) Class A Common Stock 5,303 $0 31,819 D
Restricted Stock Units (8) 08/15/2025 M 4,803 (9) (9) Class A Common Stock 4,803 $0 48,032 D
Explanation of Responses:
1. One share of Class A Common Stock was issued upon the vesting of each Restricted Stock Unit ("RSU").
2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
3. Reflects the weighted-average sale price for shares sold in multiple transactions at prices ranging from $10.02 to $10.27 per share. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
4. Represents RSUs granted under the Issuer's Omnibus Equity Incentive Plan on March 25, 2022.
5. One sixteenth of the RSUs vested on May 15, 2022 and the remainder will vest quarterly over the following four years, in each case subject to continued employment with the Issuer through each vesting date.
6. Represents RSUs granted under the Issuer's Omnibus Equity Incentive Plan on March 15, 2023.
7. One sixteenth of the RSUs vested on May 15, 2023 and the remainder will vest quarterly over the following four years, in each case subject to continued employment with the Issuer through each vesting date.
8. Represents RSUs granted under the Issuer's Omnibus Equity Incentive Plan on March 15, 2024.
9. One sixteenth of the RSUs vested on May 15, 2024 and the remainder will vest quarterly over the following four years, in each case subject to continued employment with the Issuer through each vesting date.
Remarks:
/s/ Jeffrey B. Coyne 08/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for MediaAlpha (MAX)?

The Form 4 was filed by Yeh Kuanling Amy, the Chief Technology Officer of MediaAlpha, Inc.

What equity vested for the reporting person on 08/15/2025?

On 08/15/2025 RSUs vested resulting in issuance of 5,210, 5,303, and 4,803 Class A shares from grants dated 2022, 2023 and 2024.

How many shares were sold and at what price?

The reporting person sold 6,000 shares on 08/15/2025 at a weighted-average price of $10.1953 per share under a Rule 10b5-1 plan.

What is the reporting person’s beneficial ownership after the transactions?

Following the reported transactions, the Form 4 shows 399,347 shares of Class A common stock beneficially owned.

Were the sales part of an automated trading plan?

Yes. The filing states the sales were effected pursuant to a previously adopted Rule 10b5-1 trading plan.
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