KRMN Karman Holdings Inc. Insider Trading

KRMN CEO Anthony Koblinski sold 75,000 shares at $69.31 on 2025-12-12 for $5.2M; recent pattern of 3 sales in 22 days; P/E of 756.22 indicates stretched valuation.

CEO Anthony Koblinski sold 75,000 shares ($5.2M value) on 2025-12-12, bringing holdings to 2.32M shares. This sale is notable as part of a cluster: Koblinski has executed three separate sales in the past 22 days (2025-12-05, 2025-11-28, 2025-11-21 also listed), suggesting sustained disposition activity. At the same ticker (KRMN), his prior two measurable sales (2025-07-25 and 2025-02-14) were both poorly timed—the stock gained +6.6% and +67.3% respectively in the 30 days following—with a timing pattern of 0-for-2 at the 90-day mark. His cross-ticker track record shows similar poor timing (90d well-timed rate of 0.00%; average 90d return after sells was +90.8%, meaning stocks generally rose after his sells). The company's valuation presents context: P/E of 756.22 is extremely elevated relative to net income of $7.6M on $121.8M quarterly revenue (+23.0% annual growth). Stock is currently -21.8% from its 52-week high, down from intra-period peaks, suggesting the recent sellers may have exited during the retreat. Continued insider sales warrant observation given the historically poor timing pattern and outlier valuation metric.

CEO Koblinski sells 75,000 shares of KRMN at $66.51; stock now at $66.06 with P/E of 734.00

CEO Anthony Koblinski sold 75,000 shares (75.0K shares) on 2025-12-05 at $66.51, reducing holdings by 3.0% to 2,390,826 shares (2.39M shares). The stock has declined 6.5% over 30 days and 24.1% from its 52-week high of $87.04, currently trading at $66.06. Of particular note is the company's elevated P/E ratio of 734.00 despite positive fundamentals: revenue of $121,787,000.00 ($121.8M) in the latest quarter with net income of $7,644,000.00 ($7.6M) and annual revenue growth of +23.0%. At this ticker specifically, Koblinski's prior three measurable sales all posted positive 90-day returns (ranging from +6.6% to +102.6%), indicating his recent sales at KRMN have not preceded price declines. The transaction occurs alongside two other recent sales on 2025-11-28 and 2025-11-21 at the same ticker, suggesting a pattern of selling activity in the current environment.

CEO Koblinski sells 75,000 shares at $67.40; stock at $63.71, down 26.8% from 52-week high

CEO Anthony Koblinski sold 75,000 shares (75.0K shares) of KRMN on 2025-11-28 at $67.40, reducing holdings by 3.0% to 2,465,826 shares (2.47M shares). The sale occurred at a price that is now 5.6% above the current market price of $63.71, though the stock has declined 26.8% from its 52-week high of $87.04 and 24.4% over the past 30 days. His prior KRMN trades show a consistent pattern of poorly-timed sells: the 2025-07-25 sale saw the stock rise +67.3% in the following 90 days, and the paired 2025-02-14 sales were followed by +102.6% gains at the 90-day mark, with 0 of 3 prior measurable KRMN sells well-timed on the 90-day metric. The company reports strong fundamentals with $121.8M in latest-quarter revenue and 23.0% annual revenue growth, though the P/E ratio of 707.89 reflects a significant valuation compression relative to earnings. The timing of this sale within a broader post-52-week-high decline warrants monitoring of subsequent price action to assess whether this trade breaks the prior pattern of sales followed by appreciation.

KRMN CEO Koblinski sold 75,000 shares at $58.48; stock now at $63.90, down 26.6% from 52-week high.

CEO Anthony Koblinski sold 75,000 shares (2.9% of his pre-transaction holdings) at $58.48 on 2025-11-21, while the stock now trades at $63.90. Despite the immediate post-sale price increase, the stock has declined 24.1% over the last 30 days and sits 26.6% below its 52-week high of $87.04, suggesting a broader pullback from recent peaks. His prior three sales at KRMN each generated positive 90-day returns (ranging from 6.6% to 102.6%), indicating his historical sales at this ticker preceded subsequent appreciation rather than declines. The company shows solid fundamentals with $121.8M quarterly revenue, 23.0% annual revenue growth, and a $8.5B market cap, though the 710.00 P/E ratio is notably elevated. This sale appears discretionary and occurs against a backdrop of recent downward momentum, yet his historical pattern at this ticker does not support a timing-based explanation for the trade.

CFO Willis Michael sells 115,000 shares of KRMN at $58.63; stock now at $58.95, -32.3% from 52-week high

Willis Michael, CFO of Karman Holdings, sold 115,000 shares (11.8% of his pre-transaction holdings) at $58.63 on 2025-11-17, reducing his stake from 974.7K to 859.7K shares and realizing $6.7M in proceeds. The transaction occurred while the stock is down 32.3% from its 52-week high of $87.04 and down 21.4% over 30 days, despite positive 90-day momentum (+16.1%). His prior two sales at KRMN showed positive post-sale returns (+6.6% and +50.7% at 30 days; +67.3% and +102.6% at 90 days), indicating these earlier sells were poorly timed for capturing declines. The current sale's timing relative to future price action remains to be observed, though the stock's recent weakness and distance from recent highs provide context for the transaction.

CGO Sawhill sells 62.0K KRMN shares at $63.93; stock now $60.25 (-20.7% in 30 days, -30.8% from 52-week high)

Stephanie Sawhill, Chief Growth Officer at Karman Holdings, sold 62,000 shares on 2025-11-13 at $63.93, reducing her holdings by 10.9% to 504,939 shares. The stock has since declined 20.7% over 30 days and currently trades at $60.25, down 30.8% from its 52-week high of $87.04, suggesting the executive sold into a period of relative strength before a sharp pullback. Her prior two sales at KRMN (2025-07-25 and 2025-02-14) each posted positive 90-day returns of +67.3% and +102.6% respectively, indicating the stock rallied after those sales; this current transaction's timing cannot yet be evaluated on a 90-day basis. Despite the company's solid fundamentals—annual revenue growth of 23.0% and quarterly revenue of $121.8M—the P/E of 669.44 suggests the stock may be pricing in significant growth expectations, and the recent sharp decline warrants investor scrutiny of the business outlook and market conditions.

KRMN COO Beaudoin sold 74,000 shares at $63.69 (11/13); stock now -30.8% from 52-week high, -20.7% in 30 days

Jonathan Beaudoin, Chief Operating Officer of Karman Holdings, sold 74,000 shares (10.0% of his pre-transaction holdings) at $63.69 on 2025-11-13, reducing his stake from 740,861 to 666,861 shares. The transaction occurred near a significant inflection point: KRMN has since declined -20.7% over 30 days and now trades -30.8% from its 52-week high of $87.04, despite strong recent fundamentals (23.0% annual revenue growth, $121.8M latest quarterly revenue). Notably, Beaudoin's two prior sales at KRMN (2025-07-25 and 2025-02-14) were both followed by substantial gains — 90-day returns of +67.3% and +102.6% respectively — indicating he has systematically sold before rallies at this ticker. The current price of $60.25 is substantially below the transaction price of $63.69, making this a near-term underwater transaction despite his historical pattern of selling into strength.

KRMN Director Raduenz sold 90,000 shares at $68.00 on 2025-11-12 for $6.1M; stock down 31.1% from 52-week high, -22.1% in 30 days.

Director Brian Raduenz sold 90,000 shares (26.2% of his pre-transaction holdings) at $68.00, reducing his stake from 344,105 to 254,105 shares. This is his second open-market transaction at KRMN; his prior sale on 2025-07-25 was poorly timed (the stock returned +67.3% over the next 90 days, meaning he sold before a rally). The current transaction follows sharp recent price declines: KRMN is down 31.1% from the 52-week high of $87.04 and down 22.1% over the past 30 days, suggesting the stock has deteriorated significantly since his prior sale. The company's fundamentals show revenue growth of +23.0% year-over-year and a $7.9B market cap, but with a P/E ratio of 666.56 (highly elevated), raising questions about valuation. The timing of this sale against the stock's recent downtrend and his outsized P/E multiple differs materially from the conditions present at his July 2025 sale.

KRMN: Sawhill (CGO) sold 62,000 shares at $49.00 (3.0M), reducing stake 9.9%; stock +43.8% in 90d despite prior sell posting +102.6% gain

Chief Growth Officer Stephanie Sawhill sold 62,000 shares (62.0K shares) at $49.00 on 2025-07-25 for $3,038,000.00, reducing her holdings from 628,939 shares to 566,939 shares. Her prior sale at this ticker on 2025-02-14 saw the stock gain 102.6% over the following 90 days, indicating that sell was poorly timed—she missed subsequent gains. The current price of $51.41 is 30 days and 90 days into price movements of +1.9% and +43.8% respectively, suggesting this sale also followed a significant run-up. Fundamentals show the company generated $100,124,000 in quarterly revenue with a $-4,798,000 net loss, and despite 23.0% annual revenue growth, the valuation reflects a P/E of 1285.25, indicating the market is pricing in substantial future turnaround expectations.

TCFIII Spaceco SPV LP liquidates entire 23.62M KRMN stake for $1.2B at $49.00; now holds 0 shares

TCFIII Spaceco SPV LP, a 10% owner of Karman Holdings Inc., sold 23,623,968 shares at $49.00 on 2025-07-25 for a total value of $1,157,574,432.00, reducing its holdings to 0 shares (a -100.0% net change). This represents a complete exit from the position at a price approximately $2.41 below the current price of $51.41 and 8.7% below the 52-week high of $56.30. While the insider's prior sell on 2025-02-14 at this same ticker occurred ahead of substantial gains (90-day return of +102.6%), the current transaction comes after a strong 43.8% run-up over the past 90 days, providing context for the divestiture timing. The company's fundamentals show a compressed P/E of 1285.25 against a negative net income of $-4,798,000.00 despite 23.0% annual revenue growth, suggesting valuation may not reflect current profitability headwinds.