MAX MediaAlpha, Inc.

NEUTRAL Impact: 3/10 144
Horizon days Filed Apr 20, 2026 Processed 1mo ago SEC 0001921094-26-000408
Form 144 — notice of proposed sale of securities
Latest settled — T+20d
MAX ▼ -16.18% at T+20d
NEUTRAL call ✗ call lost -16.18% · α vs SPY -21.09% · entry $9.89 → $8.29
Next anchor: T+60d in 4w
Last close $9.45 (close Jun 12) · -4.45% from $9.89 entry
Entry anchored
Apr 20, 03:59 PM ET
via Databento tick
T+1d
-0.40%
call -0.40% · α -1.42%
$9.85
settled 8w ago
T+5d
+1.21%
call +1.21% · α +0.13%
$10.01
settled 7w ago
T+20d
-16.18%
call -16.18% · α -21.09%
$8.29
settled 28d ago
T+60d
call — · α —
in 4w

Price Chart

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Executive Summary

Eugene Nonko, a director of MediaAlpha, filed a Form 144 to notify intent to sell up to 254,100 shares, valued at approximately $2.55 million based on recent trading prices. This follows a series of prior sales totaling over $1.3 million in early 2026 and aligns with ongoing insider selling activity, including $427K in sales over the past 30 days.

Actionable Insight

Monitor for actual Form 4 filings to confirm execution of these sales. While routine for directors to sell vested RSUs, the cumulative volume of insider selling since January 2026 may signal reduced confidence if it accelerates ahead of earnings or macro headwinds in digital advertising.

Key Facts

  • Eugene Nonko, a director, intends to sell up to 254,100 shares of MediaAlpha (MAX).
  • The shares are valued at approximately $2,552,435 based on the filing, implying a price of ~$10.05 per share.
  • Nonko has conducted multiple sales in 2026, including a block of 108,003 shares in March valued at $1.08 million.
  • Total insider sales in the past 30 days amount to $427K across 10 transactions.
  • Shares were acquired between April 30, 2022, and February 15, 2026, primarily through equity compensation.

Financial Impact

$2.55 million in potential insider selling

insider ownershipshare floatmarket sentiment

Risk Factors

  • Sustained insider selling could pressure the stock if perceived as a lack of confidence.
  • Potential for increased share supply in the market, especially if sold near-term.

Market Snapshot

Exchange
NYSE
Sector
Services-Business Services, NEC

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
144 Filing (Primary)0001921094-26-000408
Document: 0001921094-26-000408-index.html0001921094-26-000408
Document: 0001921094-26-000408.txt0001921094-26-000408
17 reports for MAX
Performance horizon
100% Hit rate 5 of 5 directional calls best @ T+60▲ +13.27%Mar 4, 2026
Filters
Rows
Reports for MAX — sortable, filterable
Type Now
Jun 12, 2026
2d ago
Insider Cluster
NEUTRAL ★ 2/10
$9.46 awaiting T+5awaiting T+5$9.45 (−0.05%)
May 19, 2026
26d ago
Insider Cluster
NEUTRAL ★ 2/10
$8.36 $8.64▲ +3.35%▲ +2.11%$9.45 (+13.04%)
May 19, 2026
26d ago
Insider Cluster
NEUTRAL ★ 2/10
$8.36 $8.89▲ +6.34%▲ +4.54%$9.45 (+13.04%)
May 15, 2026
4w ago
144
NEUTRAL ★ 3/10
$8.29 $8.61▲ +3.86%▲ +2.24%$9.45 (+13.99%)
Apr 29, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$10.00 $8.97▼ −10.30%▼ −13.41%$9.45 (−5.50%)
Apr 22, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$9.85 $10.00▲ +1.52%▲ +1.47%$9.45 (−4.06%)
Apr 20, 2026
7w ago
144
NEUTRAL ★ 3/10
$9.89 $10.01▲ +1.21%▲ +0.13%$9.45 (−4.45%)
Apr 15, 2026
8w ago
Press Release
NEUTRAL ★ 3/10
$9.70 $9.85▲ +1.55%▼ −0.09%$9.45 (−2.58%)
Apr 15, 2026
8w ago
Insider Cluster
BEARISH ★ 5/10
$9.70 $9.85▼ −1.55%▲ +0.09%$9.45 (+2.58%)
Apr 10, 2026
9w ago
Insider Cluster
NEUTRAL ★ 3/10
$9.05 $10.06▲ +11.16%▲ +6.66%$9.45 (+4.42%)
Showing 10 of 17

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