CLO Fong Morgan sells 14,033 shares for $560,415.78 under pre-arranged 10b5-1 plan; holds 544,078 shares post-transaction.
Fong Morgan, Chief Legal Officer, executed 2 separate sales totaling 14,033 shares for $560,415.78 on 2026-05-18 under a 10b5-1 trading plan adopted on 2025-12-10, meaning the transaction was scheduled and non-discretionary. The sales reduced his holdings by 2.5% from 558,111 to 544,078 shares. At the blended average price of $39.94, the transaction executed below the current price of $40.98. His prior 5 trades at CART have shown mixed absolute returns: four March 2026 sales posted 30-day gains ranging from 4.4% to 6.5%, while a November 2024 sale posted a 30-day loss of 8.0%. Since this sale is part of a scheduled 10b5-1 plan rather than discretionary action, it carries no signal about the insider's contemporaneous view of valuation or near-term prospects.