IRWD Director DENNER ALEXANDER J sold 6,730,800 shares (6.73M) for $20,530,448.00 on 2026-03-17, reducing holdings by -42.3%.
Director Denner divested 6,730,800 shares across 2 separate sales on 2026-03-17 at a blended average price of $3.05, raising $20,530,448.00 and reducing his post-transaction holdings to 9,188,635 shares from 15,919,435 shares. This represents a substantial reduction of -42.3% of his pre-transaction position. The timing of this large sale occurs against a backdrop of material equity deterioration: the stock trades at $3.25 (current), down -27.8% over 30 days and -39.7% from its 52-week high of $5.39. Across his cross-ticker track record, Denner's 3 prior sells averaged +1.4% 30-day returns and +16.8% 90-day returns, with a 0.00% well-timed rate on those prior sales—indicating his past sells occurred before subsequent stock recoveries. The company's fundamentals show annual revenue decline of -15.7% year-over-year despite positive current-quarter net income of $40,080,000.00, and the P/E of 10.16 reflects a compressed valuation. This sale warrants investor attention given its substantial scale relative to the director's historical holdings and the stock's recent downward momentum.