Insider Trading February 17, 2026

MediaAlpha CTO Sells Shares to Cover RSU Taxes as Board Bylaws Shift

Kuanling Amy Yeh disposes of 12,000 Class A shares; board amends bylaws and sees a director resignation amid post-controlled-company transition

By Caleb Monroe MAX
MediaAlpha CTO Sells Shares to Cover RSU Taxes as Board Bylaws Shift
MAX

MediaAlpha Chief Technology Officer Kuanling Amy Yeh sold 12,000 Class A shares on February 13, 2026 under a pre-arranged Rule 10b5-1 plan to meet tax obligations tied to vested RSUs, and subsequently recorded the vesting of 15,317 RSU shares. Separately, the company updated its bylaws effective December 10, 2025 and confirmed the resignation of director Christopher Delehanty as part of an ongoing board transition.

Key Points

  • MediaAlpha CTO Kuanling Amy Yeh sold 12,000 Class A shares on February 13, 2026 for $87,688, at prices between $7.25 and $7.41 per share.
  • Yeh's sales were made under a pre-arranged Rule 10b5-1 plan to cover taxes tied to RSU vesting; she acquired 15,317 Class A shares on February 15, 2026 upon RSU vesting at a $0 price across three transactions.
  • MediaAlpha's board amended bylaws effective December 10, 2025 - changing stockholder meeting procedures and removing a proxy cap - and director Christopher Delehanty resigned as part of a broader board transition after the company ceased to be a controlled company in 2024.

Kuanling Amy Yeh, MediaAlpha, Inc.'s Chief Technology Officer, executed the sale of 12,000 shares of the company's Class A Common Stock on February 13, 2026. The sales were completed at prices ranging from $7.25 to $7.41 per share, producing proceeds of $87,688, according to a Form 4 filing with the Securities and Exchange Commission.

The filing states those dispositions were carried out under a pre-arranged Rule 10b5-1 trading plan and were intended to cover taxes related to the vesting of restricted stock units (RSUs). Two days later, on February 15, 2026, Yeh recognized the vesting of RSUs resulting in the acquisition of 15,317 shares of Class A Common Stock at a price of $0. The RSU vesting consisted of three separate transactions: 5,210 shares, 5,303 shares and 4,804 shares.


In parallel with the insider transaction disclosures, recent corporate filings and a press release outline adjustments to MediaAlpha's governance framework. The company said its board of directors adopted amendments to the corporate bylaws effective December 10, 2025. Those amendments modify procedures surrounding stockholder meetings - specifically the scope of business that may be conducted and the voting standards needed to adjourn meetings - and eliminate the prior cap on the number of proxies that stockholders may authorize.

The same set of disclosures also identified a board change: Christopher Delehanty has resigned from MediaAlpha's Board of Directors. The company presented Mr. Delehanty's departure as part of a broader board transition that followed MediaAlpha's move away from being a controlled company in 2024, and it explicitly stated that the resignation was not due to any disagreements related to operations or policies.


All of these items were reported in recent SEC filings and in a company press release. The filings detail the insider sale and RSU activity, while the governance notices document the bylaw changes and the director resignation.

The disclosures combine routine insider tax-related transactions and formal governance modifications. The insider sale was executed through an established 10b5-1 plan and the RSU vesting was recorded at a zero-dollar price per share, while the bylaw updates and board turnover were described by the company as elements of an ongoing post-controlled-company transition.

Risks

  • Insider sales, even those executed under 10b5-1 plans to meet tax obligations, can be perceived by market participants as reducing insider shareholdings and may introduce short-term trading volatility - impacting equity market sentiment.
  • Changes to corporate bylaws that alter procedures for stockholder meetings and voting thresholds may influence shareholder rights and governance dynamics - affecting investor relations and market confidence.
  • Board turnover during a period of governance transition can create uncertainty about strategic continuity and oversight, which may concern stakeholders monitoring corporate governance and long-term direction.

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