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sellWeak cluster of 310b5-1 plan

Paul A Friedman sold $13M of MDGL

director at MADRIGAL PHARMACEUTICALS, INC.. 24,520 shares at an average of $522.39, traded Jan 9, 2026, filed Jan 13, 2026.

Warning score
25
Value
$13M
24,520 shares
Holdings after
187,164
-12% from before
From 52-week low
+92%
low $267.56, close $514.06
From 52-week high
-15%
high $602.83, as of Jan 9, 2026

Score components

  • Role
    Director
    +15
  • Trade size
    $12.8M at market
    +25
  • Share of holdings sold
    Sold 12% of holdings
    +5
  • Cluster
    3 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -4.1%, 3m +6.3%, 6m +8.7%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

MDGLOct 12, 2026 · close 467.16
Since filing Jan 13, 2026: -5.4%SPY +13.0% · excess -18.4%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001628280-26-001976, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jan 9, 2026MOption exercise
Common Stock10b5-1
+24,520$15.80$387k211,684Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-1,480$511.98$758k210,204Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-1,094$513.11$561k209,110Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-1,345$514.68$692k207,765Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-1,996$515.81$1.0M205,769Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-766$516.84$396k205,003Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-2,450$517.86$1.3M202,553Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-1,363$518.68$707k201,190Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-846$519.88$440k200,344Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-681$521.03$355k199,663Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-840$521.98$438k198,823Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-970$523.00$507k197,853Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-1,199$524.10$628k196,654Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-2,432$525.05$1.3M194,222Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-1,066$526.00$561k193,156Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-1,560$526.97$822k191,596Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-575$528.18$304k191,021Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-691$529.17$366k190,330Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-166$529.76$88k190,164Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-280$530.69$149k189,884Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-80$532.50$43k189,804Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-332$534.16$177k189,472Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-148$535.29$79k189,324Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-473$536.02$254k188,851Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-487$536.88$261k188,364Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-80$537.85$43k188,284Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-480$539.23$259k187,804Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-600$540.36$324k187,204Jan 13, 2026
Jan 9, 2026SOpen-market sale
Common Stock10b5-1
-40$545.79$22k187,164Jan 13, 2026
Jan 9, 2026MOption exercise
Stock Option (Right to Buy)derivative10b5-1
-24,520$0.00$0280Jan 13, 2026

Related signals

Other insiders at MADRIGAL PHARMACEUTICALS, INC. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
30Weak
MDGLsell10b5-1
MADRIGAL PHARMACEUTICALS, INC.
William John Sibold
President and CEO
$6.2M
11,583 shares
-6%
30Weak
MDGLsell
MADRIGAL PHARMACEUTICALS, INC.
Shannon T Kelley
General Counsel
$342k
664 shares
-5%
35Weak
MDGLsell
MADRIGAL PHARMACEUTICALS, INC.
William John Sibold
President and CEO
$1.4M
2,500 shares
-1%
21Weak
MDGLsell 210b5-1
MADRIGAL PHARMACEUTICALS, INC.
David Soergel
Chief Medical Officer
$517k
1,042 shares
-9%
33Weak
MDGLsell 210b5-1
MADRIGAL PHARMACEUTICALS, INC.
Richard S Levy
director
$2.9M
5,682 shares
-21%
40Moderate
MDGLsell 2
MADRIGAL PHARMACEUTICALS, INC.
David Soergel
Chief Medical Officer
$435k
844 shares
-7%
45Moderate
MDGLsell 510b5-1
MADRIGAL PHARMACEUTICALS, INC.
Mardi Dier
EVP and CFO
$854k
1,982 shares
-14%
42Moderate
MDGLsell 5
MADRIGAL PHARMACEUTICALS, INC.
Carole Huntsman
Chief Commercial Officer
$181k
419 shares
-3%
41Moderate
MDGLsell 5
MADRIGAL PHARMACEUTICALS, INC.
Shannon T Kelley
General Counsel
$155k
360 shares
-3%
42Moderate
MDGLsell 5
MADRIGAL PHARMACEUTICALS, INC.
Rebecca Taub
Pres., R&D, and CMO
$212k
491 shares
-0%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Paul A Friedman sold $13M of MDGL | InsiderTell