Nonko Eugene sold $463K of MAX
Nonko Eugene sold 33,226 shares of MediaAlpha, Inc. (MAX) at an average of $13.92 ($13.78–$14.08, $0.46M total) across 3 trades over 2026-07-06 to 2026-07-08 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The newest fact is the director’s open-market sale details (shares, price range, total value) and that it was executed under a pre-arranged 10b5-1 plan.
Market read
Useful for tracking insider behavior, but it does not introduce new guidance, contracts, litigation, or operating metrics.
What to watch
Traders should compare this sale to prior insider activity and total insider ownership changes; one Form 4 alone is often not predictive.
Background
The article is an SEC Form 4 insider transaction disclosure for MediaAlpha, Inc. (MAX).
Ticker impact
MediaAlpha director Nonko Eugene sold $462,652 of MAX shares in open-market trades under a pre-arranged 10b5-1 plan (Form 4).
Likely limited near-term impact; any effect is typically short-lived unless paired with other negative news.
The filing is a Form 4 insider transaction with a stated 10b5-1 plan, and it provides no new company-specific operational or financial information.
Market effects
No clear sector read-through from a single director 10b5-1 sale.
None indicated.
None indicated.
Counterpoint
Because the trades were executed under a pre-arranged 10b5-1 plan, the sale may reflect scheduled liquidity rather than bearish expectations.
Key entities
- issuerMediaAlpha, Inc.
Company whose shares (MAX) were sold by a director under a 10b5-1 plan.
- insiderNonko Eugene
Director who sold 33,226 shares of MAX for about $462,652 across three trades.

