DVLT Datavault AI Inc. Insider Trading

10% owner Vivasor sold 20,000,000 shares for $11.3M across 4 days as stock fell to $0.51, 87.3% below 52-week high

Vivasor, a 10% holder, executed 4 separate sales totaling 20,000,000 shares between May 4-7, 2026, reducing its stake from 75,942,666 shares to 55,942,666 shares (a 26.3% reduction). The sales occurred at prices ranging from $0.50 to $0.58 (blended average $0.56), while the stock now trades at $0.51, having collapsed 87.3% from its 52-week high of $4.03 and declined 31.4% over the past 30 days. The company posted a $53.1M net loss in its latest quarter despite $3.4M in quarterly revenue, and remains unprofitable on a full-year basis. This large staged reduction in a significant insider stake amid severe price deterioration and persistent losses is material for investors monitoring the conviction and capital allocation signals of major shareholders.

10% owner Scilex Holding sells 15.97M shares at blended $0.83, down -78.6% from 52-week high; unprofitable company

Scilex Holding, a 10% owner, executed three separate sales totaling 15,965,541 shares for $13,215,896.16 on 2026-01-12 through 2026-01-14 at prices ranging from $0.72 to $0.91 (blended average $0.83). This represents a -6.9% reduction in holdings from 229,731,770 to 213,766,229 shares. The sales occurred as the stock trades at $0.72 current price, reflecting a -78.6% decline from its 52-week high of $3.36 and a -42.8% drop over the preceding 30 days. The company remains unprofitable (latest quarter net income: $-32,976,000.00) despite annual revenue growth of 28.4%, indicating significant cash burn. The recent and rapid sequence of three same-ticker sales within a 3-day window in early January, combined with the stock's severe multi-month deterioration and the company's persistent losses, suggests heightened liquidity management by a major shareholder during a period of material weakness.

Scilex Holding Co sold 14,713,490 shares (6.0% of holdings) across 3 days for $18,176,455.30 at $1.24 avg; stock now -69.9% from 52-week high.

Scilex Holding Co, a 10% stakeholder in Datavault AI, executed 3 separate sales totaling 14,713,490 shares (14.71M shares) for $18,176,455.30 between January 6-8, 2026, at an average blended price of $1.24. The company currently trades at $1.01, down 34.6% in the last 30 days and down 46.0% over 90 days, moving dramatically from its 52-week high of $3.36. Against this backdrop, the seller is carrying a substantial remaining position of 229,731,770 shares (229.73M shares), and Datavault AI remains unprofitable with a negative net income of $-32,976,000.00 against quarterly revenue of $2,904,000.00. The timing of this 6.0% reduction in holdings during a period of steep stock decline, combined with the company's ongoing losses and weak profitability, raises questions about conviction levels and capital allocation priorities among the major investor base.