Nadji Hessam 4

What Happened
Nadji Hessam, CEO of Marcus & Millichap, sold 1,300 shares of MMI on March 13, 2026, at $25.60 per share for total proceeds of $33,280. The filing reports this as a sale (code S) via open market or private sale. Sales by insiders are often routine and do not necessarily signal a change in company outlook.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-16 (filed within the SEC’s reporting window).
• Transaction type/code: Sale (S) — open market or private sale.
• Shares sold: 1,300 at $25.60 each; total proceeds $33,280.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote (F1): Some shares are owned by the reporting person’s adult son, who resides in the same household; the reporting person disclaims beneficial ownership of those shares.
• No indication in the excerpt that this was part of a 10b5-1 plan, gift, option exercise, or tax-withholding event.

Context
This was a modest-sized insider sale. Retail investors should view it as one data point among overall insider trading activity and company fundamentals rather than as definitive evidence of management sentiment.