BATE KENNETH sold 79.2% of their position (10K shares) of MADRIGAL PHARMACEUTICALS, INC. on the open market

Open‑market sale worth $3.65M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 6 sales

BATE KENNETH

Filed: 8/15/2025ACC: 0001210238-25-000005

InsiderBATE KENNETHCIK 1210238

→

IssuerMADRIGAL PHARMACEUTICALS, INC.CIK 1157601

Director

Since Jun 2019

-10K

Net shares

Net seller

$3.65M

Total sold

Open market trades

0B · 6S

Total transactions

10K acquired · 20K disposed

Non-Derivative Transactions7

Common Stock

Direct

M · Option Exercise

+10K

Price / share

$16.46

Trade value

$164.60K

% of position

380.7%

8/15/2025

2.63K→12.63K

Common Stock

Direct

S · Sale

−2.32K

Price / share

$363.41

Trade value

$842.01K

% of position

18.3%

8/15/2025

12.63K→10.31K

Common Stock

Direct

S · Sale

−2.52K

Price / share

$364.24

Trade value

$916.43K

% of position

24.4%

8/15/2025

10.31K→7.79K

Common Stock

Direct

S · Sale

−2.57K

Price / share

$365.33

Trade value

$937.79K

% of position

32.9%

8/15/2025

7.79K→5.23K

Common Stock

Direct

S · Sale

−600.00

Price / share

$366.14

Trade value

$219.68K

% of position

11.5%

8/15/2025

5.23K→4.63K

Common Stock

Direct

S · Sale

−1.10K

Price / share

$367.63

Trade value

$405.86K

% of position

23.9%

8/15/2025

4.63K→3.52K

Common Stock

Direct

S · Sale

−896.00

Price / share

$368.56

Trade value

$330.23K

% of position

25.4%

8/15/2025

3.52K→2.63K

Total

Net shares

+0.00

Net value

-$3.49M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	8/15/2025	M · Option Exercise	+10K	$16.46	$164.60K	380.7%	2.63K	12.63K
Common Stock Direct	8/15/2025	S · Sale	−2.32K	$363.41	$842.01K	18.3%	12.63K	10.31K
Common Stock Direct	8/15/2025	S · Sale	−2.52K	$364.24	$916.43K	24.4%	10.31K	7.79K
Common Stock Direct	8/15/2025	S · Sale	−2.57K	$365.33	$937.79K	32.9%	7.79K	5.23K
Common Stock Direct	8/15/2025	S · Sale	−600.00	$366.14	$219.68K	11.5%	5.23K	4.63K
Common Stock Direct	8/15/2025	S · Sale	−1.10K	$367.63	$405.86K	23.9%	4.63K	3.52K
Common Stock Direct	8/15/2025	S · Sale	−896.00	$368.56	$330.23K	25.4%	3.52K	2.63K
Total			+0.00		-$3.49M

Derivative Transactions1

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−10K

Strike price

16.46

Held after

0.00

Exercisable

—

8/15/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (Right to Buy) Direct	Common Stock10K shares	8/15/2025	M · Option Exercise	−10K	16.46	—	0.00