SVP Richard Raffetto bought 95 shares of FLG at $12.85 on 2025-12-04, increasing holdings to 1,386 shares (+7.0%)
Raffetto, Senior Vice President of Commercial & Private Banking at Flagstar Bank, executed 2 separate transactions: a sale of 4 shares at $12.93 on 2025-09-04 and a purchase of 95 shares at $12.85 on 2025-12-04, resulting in a net addition of 91 shares (+7.0% versus pre-transaction holdings). The purchase occurred at $12.85, below the current price of $14.27, and within the stock's 52-week range of $9.94–$14.27. The company remains unprofitable with net income of -$36.0M on latest quarterly revenue of $5.0M, though annual revenue growth stands at +17.4%. The purchase is modest in absolute terms ($1,220.75) relative to the executive's total position of 1,386 shares, and the timing and magnitude do not clarify whether this reflects a scheduled plan or discretionary conviction in the stock.