CLO Garner Ebun sold 80,000 shares of ERAS at $16.40 on 2026-04-01, reducing stake by 76.1% to 25,076 shares post-transaction.
Garner Ebun, Chief Legal Officer, executed a material open-market sale of 80,000 shares at $16.40 on 2026-04-01, divesting 76.1% of his pre-transaction holdings. The stock has since appreciated to $17.81 (the 52-week high), trading at +26.3% over the past 30 days and +396.1% over the past 90 days—a strong recovery environment. At ERAS specifically, his prior sell on 2026-01-07 delivered a +119.8% 30-day return, indicating recent trades at this ticker have underperformed on a timing basis given the subsequent price momentum. The company remains unprofitable with net income of $-30,612,000 over the most recent full fiscal year, providing context for executive liquidity decisions even as the equity has recovered sharply.
General Counsel Garner Ebun sells 120,000 shares (82.7% of holdings) at $5.59 as ERAS peaks at 52-week high
Garner Ebun, serving as General Counsel & Corporate Secretary, executed a substantial sale of 120,000 shares at $5.59 on 2026-01-07, reducing his post-transaction holdings to 25,076 shares—a net reduction of 82.7% of his pre-transaction position. The sale occurred as the stock reached its 52-week high of $5.81, with the stock having appreciated 76.1% over the prior 30 days and 141.1% over 90 days. This timing—disposing of the majority of his equity position at a cyclical peak after sustained appreciation—stands in contrast to the company's fundamentals: Erasca remains unprofitable with a net loss of $30,612,000.00 in its most recent full fiscal year. The combination of a major equity stake reduction by a senior executive at near-peak valuation, coupled with persistent losses and limited remaining holdings, warrants investor attention to the company's near-term trajectory and management's confidence in sustainability.
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