CEO Michael C. Forman sold 199,681 shares of FCRIX at $12.52 for $2,500,006.12 on 2024-09-11; holdings reduced 41.0%.
CEO Michael C. Forman executed a substantial sale of 199,681 shares at $12.52 on 2024-09-11, reducing his position from 486,751 shares to 287,070 shares—a 41.0% reduction in his holdings. This is his fifth open-market sale across his documented transaction history. The scale of this transaction (nearly $2.5M in proceeds and a material decline in ownership stake) warrants investor attention, particularly given the significant percentage reduction in his position. With 287,070 shares remaining post-transaction, Forman retains a substantial residual stake, yet the size and proportion of the sale are material facts that merit further examination of the fund's performance and strategic positioning.