September 17, 2025 · Form 4 insider transaction
Scannell John sold 6,764 shares of MOGA/MOGB at $200.00 per share, a transaction worth $1.35M. 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 (10,000) and the number of shares issued as a result of the exercise (3,236). 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 ($200.00) and the exercise price ($65.90). Additional shares are then withheld to satisfy the Company's tax withholding obligations.