Nadji Hessam

CEO Nadji Hessam sold 13,900 shares at blended $40.18, reducing stake by 6.2% to 209,123 shares held

Nadji Hessam, Chief Executive Officer of Marcus & Millichap, executed 2 separate sales totaling 13,900 shares for $558,560.65 (blended average price $40.18) on 2024-08-23 and 2024-08-26, reducing his holdings by 6.2% from 223,023 to 209,123 shares. The sales occurred at price levels near the current market price of $40.10, approximately 9.2% below the 52-week high of $44.17, suggesting the stock remains within its recent range rather than at an extreme valuation. Marcus & Millichap is currently unprofitable (net income of $-5.5M in the latest quarter, with full-year net income negative) and has experienced steep annual revenue decline of 50.4%, creating a challenging operating environment. His prior cross-ticker sell track record shows a +8.0% 30-day average return, and his one prior trade at MMI (a sell on 2024-07-12) also showed +8.0% 30-day performance, though the longer-term outcomes and broader context of an unprofitable company with declining revenue warrant investor scrutiny of the company's operational trajectory independent of insider transaction timing.

CEO Nadji Hessam sold 15,000 shares of Marcus & Millichap (MMI) at $35.27 via pre-arranged 10b5-1 plan.

Nadji Hessam, Chief Executive Officer of Marcus & Millichap, Inc., sold 15,000 shares at $35.27 on 2024-07-12 for $529,038.00, reducing his holdings from 239,123 shares to 224,123 shares. This transaction was executed under a 10b5-1 trading plan adopted on 2024-03-14, meaning the sale was scheduled in advance and not a discretionary trading decision. The CEO retained 224,123 shares post-transaction, indicating continued significant ownership. Since the sale follows a pre-arranged plan, the timing reflects the plan's mechanics rather than market conditions or conviction signals at the time of execution.