$MAX

Yi Steven sold $1.2M of MAX

Yi Steven (See Remarks) sold 96,000 shares of MediaAlpha, Inc. (MAX) at $12.90 ($1.24M total) on 2026-07-01 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Yi Steven
Published Jul 1, 2026, 11:04 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Jul 1, 2026, 11:05 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
alphai market briefInsider activity
Primary signal
$MAX
Neutral
medium confidence
Mentioned
$MAX
Relevance
5/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$MAXNeutralLow
01

Why it matters

The newest fact is the disclosed sale size, price, and post-transaction holdings, which can influence short-term sentiment but lacks fundamental drivers.

02

Market read

Traders may monitor for follow-on insider activity, but the 10b5-1 framing suggests limited informational content about near-term fundamentals.

03

What to watch

The filing does not disclose reasons for the sale, and it provides only one transaction; traders should check for any concurrent buys/sales or other filings around the same period.

Relevance 5/10Novelty 5/10Timing: Filed same day as the sale (2026-07-01)

Background

The article is an SEC Form 4 insider transaction disclosure for MediaAlpha, Inc. (MAX).

Company-level read

Ticker impact

$MAXNeutralMedium confidence
Context

MediaAlpha insider Yi Steven sold 96,000 shares on 2026-07-01 at $12.9028/share under a pre-arranged 10b5-1 plan.

Expected impact

Likely limited near-term impact; any reaction would be sentiment-driven and should fade unless accompanied by other news.

Evidence & confidence

The filing is a Form 4 with a stated 10b5-1 pre-arranged plan, which typically reduces interpretive weight versus discretionary selling. The article provides no new operating, financial, or regulatory catalyst.

Market effects

Minimal; this is company-specific insider transaction data with no sector-wide signal.

None indicated.

None indicated.

Counterpoint

Because the sale is explicitly under a pre-arranged 10b5-1 plan, it may reflect scheduled diversification rather than bearish expectations.

Key entities

  • MediaAlpha, Inc.

    Subject of the Form 4 insider transaction disclosure.

  • Yi Steven

    Officer/director who sold 96,000 shares under a 10b5-1 plan.

Related articles

$MAXHigh

MediaAlpha, Inc. (MAX): Results of Operations and Financial Condition

MediaAlpha, Inc. (MAX) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 maxq22026-earningsreleasex.htm EX-99.1 Document Exhibit 99.1 MEDIAALPHA ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS Second Quarter Revenue Growth of 26%; Record Revenue of $316.9 million Second Quarter Net Income of $41.8 million; Adjusted EBITDA (1) of $29.3 millio