On August 2, 2018, the August J. Troendle Revocable Trust (the “Trust”) commenced sales of shares of common stock of Medpace Holdings, Inc. (the “Company”) under apre-arranged Rule10b5-1 stock trading plan (the“10b5-1 plan”). Dr. August J. Troendle, the Company’s Chairman of the Board of Directors, Chief Executive Officer and President, is the sole trustee, sole beneficiary and settlor of the Trust and has sole voting and dispositive power over the shares held by the Trust. Under the10b5-1 plan, the Trust may sell up to an aggregate of 869,565 shares of the Company’s common stock. The Trust acquired these shares in the initial public offering of the Company in 2016. Shares may be sold under the10b5-1 plan on the open market at prevailing market prices and subject to minimum price thresholds specified therein.
As of the close of trading on August 6, the Trust had sold 731,460 of the 869,565 shares under the10b5-1 plan. The10b5-1 plan is scheduled to terminate on June 15, 2019, unless terminated sooner in accordance with its terms. Dr. Troendle expects to use proceeds from the sale of shares under the10b5-1 plan to invest into the opportunity zone fund for the development of a new office tower for the Company at the Medpace Headquarters campus in Cincinnati, Ohio.
As of the close of trading on August 6, 2018, Dr. Troendle beneficially owned 9,635,466 shares of the Company’s common stock.
The10b5-1 plan was adopted on June 14, 2018 in a scheduled open window period under the Company’s insider trading policy. The10b5-1 plan was designed to comply with the guidelines specified in Rule10b5-1 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which permit persons to enter into apre-arranged plan for buying or selling Company stock at a time when such person is not in possession of material, nonpublic information about the Company.
The transactions under the10b5-1 plan will be disclosed publicly as required through Form 4 filings, and to the extent required by Section 13 of the Exchange Act, Schedule 13D amendments, each with the Securities and Exchange Commission. Except as may be required by law, the Company does not undertake to report on specificpre-arranged Rule10b5-1 stock trading plans of Company officers, nor to report modifications or terminations of the aforementioned10b5-1 plan or the plans of any other individual.