SecBot SecBot
144 ·Filed Oct 13, 2026

MAX

MediaAlpha, Inc.
BEARISH
Impact 5/10
Horizonweeks Processed13d 21h ago SEC0001921094-26-001085
Form 144 — notice of proposed sale of securities
Actionable Insight ▼ Bearish

Monitor for additional Form 144 or Form 4 filings from Nonko and other insiders. Sustained director-level selling at this pace often precedes weaker operational results or a strategic shift — watch the next quarterly filing for revenue/earnings trends.

DirectionBearish
Confidencemedium
Horizonweeks
Latest settled — T+5d
MAX ▲ +12.61% at T+5d
SHORT call ✗ call lost -12.61% · α vs SPY -13.76% · entry $10.47 → $11.79
Next anchor: T+20d in 14d
Latest observation: T+8 -11.30% FF3 residual α
Entry = T+0 close
Oct 13, 2026
via day close
T+1d
+1.62%
call -1.62% · α -2.70%
$10.64
settled 13d ago
T+5d
+12.61%
call -12.61% · α -13.76%
$11.79
settled 7d ago
T+20d
Pending
in 14d
T+60d
Pending
in 2mo

Price Chart

Loading chart...

Executive Summary

Director Eugene Nonko filed a Form 144 to sell 23,202 shares of MediaAlpha common stock, with an estimated aggregate market value of approximately $235,472 based on the 10/12/2026 trade date. The shares were acquired via a capital contribution on 01/30/2023 (20,001 shares) and a restricted stock lapse on 08/15/2026 (3,201 shares). Nonko has been selling consistently since July 2026 — this filing adds to a pattern of nearly daily sales totaling hundreds of thousands of dollars over the past three months, which is notable for a director.

Key Facts

  • Director Eugene Nonko filed Form 144 to sell 23,202 shares of MediaAlpha common stock.
  • Estimated aggregate market value of the proposed sale: ~$235,472 (based on 10/12/2026 trade date).
  • Shares acquired via capital contribution (01/30/2023) and restricted stock lapse (08/15/2026).
  • Nonko has been selling shares nearly daily since July 2026 — this filing lists 30+ prior sale transactions from 07/13/2026 through 09/22/2026.
  • The filing states the sale occurred on 10/12/2026 but was filed on 10/13/2026 due to the Columbus Day federal holiday.

Financial Impact

Proposed sale of ~$235K in shares by a director; cumulative director sales since July 2026 exceed $4M based on the listed prior transactions.

dilutioninsider selling

Risk Factors

  • Sustained insider selling by a director may signal lack of confidence in near-term prospects.
  • The filing does not disclose the exact number of shares Nonko still holds, so the proportion of holdings being sold is unclear.

Investment Themes

Software & IT

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
144 Filing (Primary)0001921094-26-001085
Document: 0001921094-26-001085-index.html0001921094-26-001085
Document: 0001921094-26-001085.txt0001921094-26-001085
39 reports for MAX
Performance horizon
73% Hit rate @ T+20 8 of 11 directional calls Went positive at some point 10 of 11 best @ T+60▲ +28.53%Jul 8, 2026
Filters
Rows
Reports for MAX — sortable, filterable
TypeNow
Oct 26, 2026
today
144
NEUTRAL ★ 3/10
$11.88awaiting T+20—$11.88 (+0.00%)
Oct 21, 2026
5d ago
Insider Cluster
NEUTRAL ★ 2/10
$12.41awaiting T+20—$11.88 (−4.27%)
Oct 13, 2026
13d ago
144
BEARISH ★ 5/10
$10.47awaiting T+20—$11.88 (−13.47%)
Oct 8, 2026
18d ago
144
NEUTRAL ★ 2/10
$10.09awaiting T+20—$11.88 (+17.74%)
Sep 23, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$9.45 $12.41▲ +31.32%▲ +31.74%$11.88 (+25.71%)
Sep 16, 2026
5w ago
Insider Cluster
BEARISH ★ 4/10
$10.57 $11.68▼ −10.50%▼ −9.30%$11.88 (−12.39%)
Sep 10, 2026
6w ago
Insider Cluster
BEARISH ★ 5/10
$11.65 $10.09▲ +13.39%▲ +15.26%$11.88 (−1.97%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$11.74 $10.68▼ −9.03%▼ −11.15%$11.88 (+1.19%)
Sep 3, 2026
7w ago
8-K / PRESS-RELEASE
BULLISH ★ 6/10
$12.22 $9.62▼ −21.28%▼ −20.09%$11.88 (−2.78%)
Sep 2, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$12.22 $9.62▼ −21.28%▼ −20.09%$11.88 (−2.78%)
Showing 10 of 39

US Market Status

Market Closed — Opens in 1h 57m

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers
Report published Oct 13, 2026