Thompson Patrick Ryan has filed a notice to sell 285,000 shares of MediaAlpha, Inc., a transaction valued at approximately $4,134,609. This filing, submitted on October 30, 2026, indicates a significant move by Ryan, who is identified as a former affiliate of the company.

The sale is noteworthy as it reflects ongoing executive activity within the business services sector, specifically in the context of stock compensation and liquidation strategies. The shares were acquired through equity compensation and are being sold following a restricted stock lapse.

Background

Thompson Patrick Ryan is associated with MediaAlpha, Inc., which is classified under the SIC code for business services, specifically services that are not elsewhere classified. The company is incorporated in Delaware and operates from its headquarters in Los Angeles, California. MediaAlpha is publicly traded on the NYSE under the SEC file number 001-39671.

What the Filing Says

The SEC filing indicates that Ryan plans to sell 285,000 shares of common stock, which were acquired between February 15, 2022, and August 15, 2026. The filing states, "The shares sold on this filing were acquired and paid for between 02/15/2022 and 08/15/2026 and may be sold over various dates." The broker facilitating this transaction is Charles Schwab & Co., Inc.

Impact

This transaction may affect MediaAlpha, Inc. as it reflects the liquidity strategies of its former affiliate. Stakeholders in MediaAlpha and the broader business services industry may view this move as indicative of executive sentiment regarding the company's future performance.

What's Next

The filing does not say what happens next.