David H. McCormick discloses 52 transactions valued between $4.4M and $9.6M, primarily involving his spouse selling a large portfolio of municipal bonds and purchasing structured notes.

David H. McCormick disclosed 52 financial transactions in a Periodic Transaction Report filed on August 27, 2026. The transactions, which occurred between late July and mid-August 2026, have a total disclosed value between approximately $4.4 million and $9.6 million. The vast majority of the activity (51 of 52 transactions) was conducted in an account belonging to his spouse.

The report details 17 purchases and 35 sales. One purchase was made by McCormick himself: a Northern York County, PA school district municipal bond valued between $250,001 and $500,000. The other 16 purchases were made by his spouse and consisted entirely of Goldman Sachs Managed Structured Notes linked to the S&P 500 and MSCI EAFE indexes. The total value of these note purchases was between $1,900,016 and $4,050,000.

All 35 sales were executed by his spouse on July 30 and July 31, 2026. These transactions involved the partial or full sale of a wide array of municipal securities. The issuers were primarily located in Pennsylvania and Texas, including various state, county, and school district authorities. The total value of these sales ranged from $2,230,035 to $5,050,000.

The filing shows a significant portfolio reallocation, with the proceeds from a large number of municipal bond sales seemingly being reinvested into structured notes that provide exposure to broad equity market indexes. All transactions were reported within the 45-day period mandated by the STOCK Act.