March 11, 2026 · Form 4 insider transaction
Walter Jennifer sold 613 shares of MOGA/MOGB at $343.39 per share, a transaction worth $210.5K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
This represents the difference between the number of SARs exercised (1,000) and the number of shares issued as a result of the exercise (387). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($343.39) and the exercise price ($71.648). Additional shares are then withheld to satisfy the Company's tax withholding obligations.