10% owner Harraden Circle Investments sold 526,943 shares (10.7% of holdings) for $6.6M across 3 sales at $12.50–$13.12
Harraden Circle Investments executed 3 separate sales totaling 526,943 shares for $6,600,119.09 between April 14–16, 2026, reducing its stake from 4,911,506 shares to 4,384,563 shares. The blended average price of $12.53 is marginally below the current price of $12.87, suggesting minimal price movement since the sales window. The filing occurs only 6 trading days after listing, when liquidity discovery and price discovery are typically incomplete, yet the 10% owner chose to execute a material reduction in its position. The sale represents a significant absolute dollar amount ($6.6M) and a meaningful percentage (10.7%) of pre-transaction holdings, which may signal preparation for portfolio shifts or capital redeployment by this anchor shareholder in a newly public company.