Kenneth Bate - Nov 5, 2025 Form 4 Insider Report for MADRIGAL PHARMACEUTICALS, INC. (MDGL)

Role
Director
Signature
/s/ Mardi Dier, as Attorney-in-Fact
Stock symbol
MDGL
Transactions as of
Nov 5, 2025
Transactions value $
-$4,628,318
Form type
4
Date filed
11/7/2025, 04:20 PM
Previous filing
Aug 15, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BATE KENNETH Director C/O MADRIGAL PHARMACEUTICALS, INC., 200 BARR HARBOR DRIVE, SUITE 400, WEST CONSHOHOCKEN /s/ Mardi Dier, as Attorney-in-Fact 2025-11-07 0001210238

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDGL Common Stock Options Exercise $51.7K +5.47K +208.22% $9.45 8.1K Nov 5, 2025 Direct
transaction MDGL Common Stock Options Exercise $3.04M +10K +123.5% $303.79 18.1K Nov 5, 2025 Direct
transaction MDGL Common Stock Options Exercise $309K +1.11K +6.11% $280.04 19.2K Nov 5, 2025 Direct
transaction MDGL Common Stock Sale -$847K -1.76K -9.18% $480.24 17.4K Nov 5, 2025 Direct F1
transaction MDGL Common Stock Sale -$1.57M -3.26K -18.69% $481.13 14.2K Nov 5, 2025 Direct F2
transaction MDGL Common Stock Sale -$619K -1.28K -9.06% $482.41 12.9K Nov 5, 2025 Direct F3
transaction MDGL Common Stock Sale -$1M -2.07K -16.04% $483.41 10.8K Nov 5, 2025 Direct F4
transaction MDGL Common Stock Sale -$936K -1.93K -17.84% $484.78 8.9K Nov 5, 2025 Direct F5
transaction MDGL Common Stock Sale -$489K -1.01K -11.33% $485.54 7.89K Nov 5, 2025 Direct F6
transaction MDGL Common Stock Sale -$403K -827 -10.48% $486.73 7.06K Nov 5, 2025 Direct F7
transaction MDGL Common Stock Sale -$1.35M -2.78K -39.3% $487.49 4.29K Nov 5, 2025 Direct F8
transaction MDGL Common Stock Sale -$340K -696 -16.24% $489.09 3.59K Nov 5, 2025 Direct F9
transaction MDGL Common Stock Sale -$457K -933 -25.99% $489.95 2.66K Nov 5, 2025 Direct F10
transaction MDGL Common Stock Sale -$14.7K -30 -1.13% $490.98 2.63K Nov 5, 2025 Direct F11

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -5.47K -100% $0.00 0 Nov 5, 2025 Common Stock 5.47K $9.45 Direct F12
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -10K -100% $0.00 0 Nov 5, 2025 Common Stock 10K $303.79 Direct F12
transaction MDGL Stock Option (Right to Buy) Options Exercise $0 -1.11K -100% $0.00 0 Nov 5, 2025 Common Stock 1.11K $280.04 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $479.66 to $480.64, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and the footnotes below.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $480.71 to $481.68, inclusive.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $481.84 to $482.71, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $483.00 to $483.92, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $484.02 to $485.015, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $485.10 to $486.04, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $486.10 to $486.99, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $487.13 to $488.09, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $488.74 to $489.49, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $489.74 to $490.7125, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $490.7625 to $491.42, inclusive.
F12 The shares underlying this option are fully vested and exercisable.