Director Richard S Levy sells 5,682 shares at $515.44 avg ($2.9M) at MDGL; 10b5-1 plan
Richard S Levy, a director at Madrigal Pharmaceuticals, executed 12 separate sales totaling 5,682 shares for $2,928,716.43 on 2026-05-22 under a pre-arranged 10b5-1 trading plan adopted on 2026-02-20, reducing his holdings by -20.5% vs pre-transaction holdings. The company is unprofitable (full-year net income was negative) while showing explosive revenue growth of +432.0% year-over-year, creating valuation tension. Across his cross-ticker track record, Levy's prior 19 sells averaged +8.3% returns over 30 days post-execution, though his same-ticker history at MDGL (5 prior sells in November 2025) showed mixed 30-day outcomes (ranging 7.8%–10.8%) followed by consistent 90-day declines. The scheduled nature of this sale under 10b5-1 removes discretionary timing as a signal of conviction or concern.