CEO K Charles Janac sold 136,655 shares ($4.9M) across 6 transactions on 2026-07-06 under 10b5-1 plan
K Charles Janac, President and CEO, executed 6 separate sales totaling 136,655 shares for $4,892,592.32 on 2026-07-06, reducing holdings from 8.57M to 8.43M shares (-1.6%). The transaction was part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-12, making it scheduled rather than discretionary. The company's recent fundamentals show revenue of $22,936,000 (latest quarter) with net income of $-7,959,000 and full-year unprofitability, while the stock is -31.4% from its 52-week high of $50.26. The sale prices ranged from $35.06 to $37.12, while current price sits at $34.46. Investors should note this is a scheduled liquidation under a formalized plan, not a sudden discretionary decision by the CEO, and the scale ($4.9M divested) represents material CEO capital movement despite the company's current unprofitable state.