SITC SITE Centers Corp. Insider Trading

SITC President & CEO Lukes liquidates entire 304,903 share position in 2 sales totaling $4,688,948.16

David R Lukes, President & CEO of SITE Centers Corp., executed 2 separate sales totaling 304,903 shares for $4,688,948.16 on 2024-12-10 and 2024-12-11 at blended average price of $15.38, eliminating his entire shareholding (0 shares post-transaction). The liquidation occurs against a backdrop of severe price erosion: SITC trades at $15.58 currently, down 75.7% from its 52-week high of $64.04 and down 74.2% over the 90-day period. Despite this dramatic valuation collapse, the company reports unusual profitability metrics—net income of $323.0M on latest quarterly revenue of $90.8M (P/E of 1.11)—creating a striking asymmetry between reported earnings strength and share price weakness. The complete elimination of the CEO's stake during the stock's depressed valuation phase, concurrent with fundamental deterioration signals (annual revenue growth down 1.1% YoY), warrants examination of whether structural issues underlie the equity's underperformance.

Director Otto Alexander sold 718,229 shares at blended avg $15.54, posting $11.2M proceeds; current price $61.60 shows stock up 6.3% in 30 days.

Otto Alexander (Director) executed 2 separate open-market sales totaling 718,229 shares (4.3% of pre-transaction holdings) for $11,161,432.72 at prices of $15.61 and $15.44 on July 31 and August 1, 2024. The current market price of $61.60 is substantially higher than his transaction prices ($15.54 blended average), indicating significant stock appreciation since the sale. His prior trades at SITC show a consistent pattern of selling: 5 prior sales from June 24–28, 2024 at blended prices likely in the $15–$16 range (given 30-day returns of +319.0% to +344.2%), and his cross-ticker track record shows 14 prior sales with an average 30-day return of +326.1%, suggesting his sells have historically preceded upward price moves. The stock has climbed 10.2% over 90 days and 6.3% over 30 days, trading near its 52-week high of $64.04. This transaction reflects a director reducing equity exposure by approximately 4.3% while the company carries a P/E of 28.13 and shows modest negative annual revenue growth of -1.1%. The pattern of regular disposal, combined with strong recent stock appreciation relative to his sale prices, warrants review of the timing rationale and any accompanying market outlook signals from management.

Director Otto Alexander sold 685,303 shares across 2 transactions for $9,818,398.32 (Jun 27-28) at $14.33–$14.40, retaining 16,582,983 shares

Otto Alexander, a Director of SITE Centers Corp., executed 2 separate sales on June 27–28, 2024, totaling 685,303 shares (685.3K shares) for $9,818,398.32 ($9.8M) at prices of $14.25 and $14.40. These transactions reduced his holdings by 4.0%, leaving him with 16,582,983 shares post-transaction. The sales occurred at prices substantially below the current price of $57.44, representing a blended average sale price of $14.33. The director's same-ticker history shows 5 prior sales concentrated in the week of June 20–26, 2024—an intensive selling pattern—though outcomes on those trades remain unmeasurable. His cross-ticker track record of 12 prior sells provides limited evidence of timing accuracy in this ticker's context.

Director Otto Alexander sold 459,240 shares at blended $14.14 for $6.5M, retaining 17.27M shares post-transaction

Otto Alexander, Director of SITE Centers Corp., executed 2 separate sales on 2024-06-25 and 2024-06-26, totaling 459,240 shares for $6,493,748.28 at a blended average price of $14.14 per share. This represents a reduction of 2.6% of his pre-transaction holdings, leaving him with 17,268,286 shares. The current stock price of $57.24 stands significantly higher than the transaction prices, indicating the sales occurred at a material discount to present valuation. Against the company's challenged fundamentals—a net loss of $23,552,000.00 in the latest quarter, negative annual revenue growth of -1.1%, and a valuation multiple of 53.00 P/E—the magnitude of the insider's remaining position (17.27M shares) underscores substantial continued exposure to the business. The timing and concentration of these sales within a two-day window merit observation against the context of recent quarterly results.

Director Otto Alexander sold 625,621 shares for $9,037,770.38 at SITC over 2 sales (June 21–24), reducing stake by 3.4%.

Otto Alexander, a Director at SITE Centers Corp., executed two separate sales totaling 625,621 shares for $9,037,770.38 on June 21 and June 24, 2024, at blended average price $14.45. This represents a 3.4% reduction from his pre-transaction holdings of 18,353,147 shares, leaving him with 17,727,526 shares post-transaction. The transaction occurred while the stock was trading near its 52-week high of $58.80 (current price $56.52); however, the transaction prices ($14.36 and $14.50 per share) appear inconsistent with the current price context, suggesting the reported transaction prices and current price context may reflect data from different measurement periods or require reconciliation. The company faces headwinds including negative net income of $-23,552,000.00 in its latest quarter and flat annual revenue growth (-1.1%), paired with a notably elevated P/E of 52.33. Multiple recent sells by this director spanning June 14–25 at the same ticker, all within the measurable lookback window but lacking yet-measurable 90-day outcome data, do not yet show a timing pattern on which to draw conclusions.

Director Otto Alexander sold 274,151 shares (274.2K) for $3,939,795.78 in 2 transactions on 2024-06-18 and 2024-06-20 at $14.40 and $14.36

Otto Alexander (Director) executed two separate sales totaling 274,151 shares for $3,939,795.78 ($3.9M) at a blended average price of $14.37, reducing his holdings by 1.5% to 18.35M shares. The transaction occurred while the stock trades at $57.36 currently (52-week range $44.36–$58.80), though the transaction prices of $14.40 and $14.36 are substantially below current levels—a critical data point suggesting these trades occurred at a significant discount to present valuation. His same-ticker history shows 5 prior sales within days (June 12–21, 2024), all concentrated in a narrow window, with outcomes not yet measurable; his cross-ticker track record includes 7 prior sells with a timing pattern that shows no demonstrated predictive accuracy. The company reports negative net income of $-23.6M on revenue of $122.1M, with annual revenue growth of -1.1% and an elevated P/E of 53.11, indicating fundamentals are under stress.

Director Otto Alexander sells 261,646 shares in 2 transactions for $3.8M at blended avg $14.54/share

Otto Alexander, a director at SITE Centers Corp., executed 2 separate sales totaling 261,646 shares for $3,803,114.23 on 2024-06-14 and 2024-06-17 at prices of $14.56 and $14.51 respectively. His post-transaction holdings remain substantial at 18,627,298 shares, representing only a 1.4% reduction from pre-transaction levels of 18,888,944 shares. The current market price of $57.44 is significantly higher than the blended transaction price of $14.54, suggesting the sale occurred at a meaningful discount to today's valuation. The company's fundamentals show net losses of $23,552,000.00 in the latest quarter against revenue of $122,091,000.00, with a high P/E of 53.19, though the director's substantial retained position indicates continued material stakes in the company.

Director Otto Alexander sells 424,956 shares at blended avg $14.67 for $6.2M (2.2% of holdings)

Otto Alexander, Director at SITE Centers Corp., executed 2 separate sales totaling 424,956 shares for $6,234,688.29 on June 12–13, 2024, at an average price of $14.67 per share. This represented a 2.2% reduction of his 19.31M-share position. The company's fundamentals show material headwinds: net income of $-23,552,000.00 (loss) in the latest quarter, annual revenue decline of 1.1%, and an elevated P/E ratio of 53.93 despite negative earnings. The sale occurred within days of a cluster of prior trades at the same ticker (June 10–14), suggesting an active period of position management. At the transaction price of $14.67 versus the current price of $58.24, the stock has appreciated significantly since the sale dates; however, timing cannot be assessed as a signal of foresight without confirmed 90-day outcome data, which remains unavailable for these June 2024 trades.