Manthripragada Vijay 4

What Happened

• Vijay Manthripragada, President & CEO and a director of Montrose Environmental Group (MEG), exercised stock options on March 13, 2026 and sold a portion of the resulting shares the same day. He exercised two option blocks: 33,166 shares at $6.03 (cost $199,991) and 85,992 shares at $6.03 (cost $518,532), for a total of 119,158 shares acquired at a combined cash cost of $718,523. On the same date he sold 46,121 shares in open-market transactions at a weighted average price of $25.41, generating proceeds of $1,171,935. The filing also shows the option derivatives converted (reported as dispositions at $0.00), reflecting the exercise/conversion of those options.

Key Details

• Transaction date: 2026-03-13; Form 4 filed 2026-03-16 (timely filing).
• Exercise details: 33,166 and 85,992 option shares exercised at $6.03 (total cost $718,523).
• Sale details: 46,121 shares sold at a weighted average $25.41; proceeds $1,171,935. Reported sale prices ranged $25.19–$25.90 (footnote F1).
• Shares owned after the transaction: not specified in the provided filing information.
• Footnotes: F1 explains the sale price is a weighted average and provides the per-share price range; F2 notes the underlying option vested 50% on 9/11/2017 and 50% on 9/11/2019.
• Transaction codes: M = option exercise/ conversion; S = sale of common stock.

Context

• The filing shows exercises and an immediate sale of some acquired shares—commonly done to cover option exercise costs and tax withholding (a cashless-style outcome), though the filing itself does not state the insider’s motive.
• This is routine insider activity (exercise + partial sale) rather than an outright open-market purchase signal; purchases can be a stronger bullish indicator than sales.