Fund 1 Investments, LLC (10% owner) sells 4,167,813 shares at blended $5.94, down from 52-week high of $9.09
Fund 1 Investments, LLC sold 5 separate tranches totaling 4,167,813 shares for $24,750,628.17 on 2025-10-22, reducing its holding from 9,527,250 shares to 5,359,437 shares (-43.7%). The blended average price of $5.94 sits 34.6% below the 52-week high of $9.09 and represents a -23.7% decline over the prior 90 days, suggesting the shareholder exited during a period of stock weakness. The company reported negative net income of $-178,244,000.00 over its most recent full fiscal year and year-over-year revenue declined -8.0%, indicating deteriorating financial performance underlying the stock's recent decline. At the current price of $4.87, the shares have fallen an additional 18.0% below the transaction price, placing the stock near its 52-week lows, which may signal this was not a poorly-timed exit for a 10% institutional holder divesting a substantial position during an unfavorable period.