Director Clint Coghill sold 1,000,000 shares (28.5% of holdings) for $6,454,821.89 across three transactions at $6.31–$6.66.
Director Clint Coghill executed 3 separate sales totaling 1,000,000 shares for $6,454,821.89, reducing his stake from 3,504,347 shares to 2,504,347 shares—a 28.5% reduction of his pre-transaction holdings. The sales occurred at prices ($6.31–$6.66) near the 52-week high of $6.54, and the blended average price of $6.45 is only 4.4% below the current stock price of $6.18 and 1.4% below the 52-week high, suggesting the sales were executed at elevated levels. Notably, his prior 5 purchases at AMPY were all well-timed at the 90-day mark (positive returns post-purchase), but this large discretionary sale warrants scrutiny given the company's deteriorating fundamentals: annual revenue declined 10.6% year-over-year, net income was negative at -$20,966,000.00, and the stock currently trades at a P/E of 77.25. The timing and magnitude of the sale—eliminating nearly one-third of holdings at valuation peaks—contrasts with his prior accumulation pattern and suggests a material reduction in exposure to Amplify Energy.