CEO Theresa Condor sold 125,866 shares for $1.1M across 10 transactions spanning 8 months at blended average $8.95 vs. current $21.56.
Condor, the CEO, executed 10 separate sales totaling 125,866 shares for $1,126,487.72 between May 2024 and January 2026 at an average price of $8.95 per share. This represents an 11.3% reduction in her pre-transaction holdings of 1,115,380 shares. The stock has since rallied to $21.56, representing a 140.7% gain from her blended sale price, while the company faces significant headwinds: net losses of $-19.7M in the latest quarter against $12.7M revenue, and annual revenue contraction of -35.2%. The disparity between her disposed positions and current valuation, combined with the company's deteriorating financial metrics, warrants scrutiny of whether these transactions reflect forward-visibility constraints or liquidity needs at a depressed valuation.