10% owner Kaplan sells 60,000 shares at $18.00 avg; stock -44.3% from 52-week high, company unprofitable.
Kaplan Caroline Lux, a 10% owner, executed 2 separate sales totaling 60,000 shares for $1,080,048.00 at a blended average price of $18.00 on 2026-05-26 and 2026-05-27. Post-transaction holdings of 470,958 shares represent an 11.3% reduction from prior holdings. The sales occur in the context of significant fundamental deterioration: the company reported revenue of $106,427,000.00 (latest quarter) but net income of -$134,804,000.00, with annual revenue declining 23.8% and market cap of $397,077,583.46 reflecting an unprofitable company. At the transaction prices of $18.00, the stock was trading substantially below its 52-week high of $33.38 (-44.3%), though at a slight premium to the current price of $18.58. Kaplan's prior trades at MGPI show poor 90-day timing: only 1 of 5 prior sales resulted in subsequent stock declines, with 4 of 5 followed by gains, suggesting sub-optimal exit execution at this ticker historically.