January 8, 2025 · Form 4 insider transaction
Van Kirk Richard Lee Jr bought 5,000 shares of MGRM, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 265 days after the transaction.
The Company uses the Black-Scholes-Merton ("Black-Scholes") option-pricing model to determine the fair value of stock awards. The Black-Scholes option-pricing model requires the use of highly subjective and complex assumptions, including the estimated fair value and price volatility of the Company's common stock and the expected term of the option.