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VFF Village Farms International, Inc. Insider Trading

10 filings analyzed · Latest 2025-12-19
Insider buys
9
Insider sells
1
Unique insiders
2
Direction
Net buying

Historically, stocks have lagged the S&P 500 by a median ~4% over the 90 days after a high insider sell (n ≈ 9,913, 2021-2026). Past results don't predict the future. How we measure this ↗

December 2025
2025-12-19
high
DEGIGLIO MICHAEL A Sell
Chief Executive Officer
318,574 shares
$1,285,482
@ $4.04
Significance 6/10

VFF CEO DeGiglio sells 318,574 shares ($1.3M) across 2 transactions; stock up 52.8% in 90 days

Michael A DeGiglio, Chief Executive Officer of Village Farms International (VFF), executed 2 separate open-market sales totaling 318,574 shares for $1,285,481.74 at a blended average price of $4.04 on December 18–19, 2025. The sales reduced his holdings from 9,901,701 shares to 9,583,127 shares (a 3.2% reduction). In the 90 days preceding this filing, VFF shares rose 52.8%, placing the stock near its 52-week high of $4.18; his cross-ticker track record shows an average 90-day return of +150.9% after his prior buys with a 100% win rate. His 5 prior trades at VFF (all May 2025 buys) showed consistent well-timed execution: all 5 delivered positive 90-day returns ranging from +130.8% to +161.2%. This sale occurs in the context of strong recent price momentum and a company that reported $66.7M quarterly revenue with +17.7% annual revenue growth, though full-year net income was negative despite the latest quarter posting $10.2M profit. The timing of this large CEO equity reduction against a backdrop of steep recent gains and the company's legacy unprofitability warrants attention to whether this represents a shift in the insider's conviction or simply a rebalancing of his substantial 9.58M remaining stake.

June 2025
2025-06-02
high
DEGIGLIO MICHAEL A Buy
Chief Financial Officer
25,000 shares
$30,150
@ $1.21
Significance 6/10

CFO Michael A DeGiglio bought 25,000 shares of VFF at $1.21 on 2025-05-30, his 5th purchase in 10 days as stock rallies +69.8% in 30 days.

DeGiglio purchased 25,000 shares on 2025-05-30 at $1.21, extending a pattern of five consecutive open-market buys over 10 calendar days (2025-05-20 through 2025-05-30). The timing of these accumulations coincides with a sharp rally: the stock rose +69.8% over 30 days and +79.0% over 90 days from the transaction date, currently trading near its 52-week high of $1.24. Despite this aggressive accumulation, the company remains unprofitable (net income $-6.7M in the latest quarter), though it is growing revenue at +17.7% year-over-year. The CFO's holdings now stand at 9.78M shares post-transaction. Investors should monitor whether this rapid series of open-market purchases reflects conviction during a period of operational losses, or whether the stock's steep recent gains create pressure to reassess the fundamental driver of his confidence.

2025-06-02
low
Ruffini Stephen C Buy
Chief Financial Officer
25,000 shares
$30,150
@ $1.21
Significance 3/10

VFF CFO Ruffini buys 25,000 shares at $1.21; stock +69.8% in 30 days, but his prior VFF purchase underperformed -15.3% over 90 days

Stephen C Ruffini, CFO of Village Farms International, purchased 25,000 shares at $1.21 on 2025-05-30, bringing his holdings to 9,783,127 shares. The stock has rallied +69.8% over the past 30 days and +79.0% over 90 days from current levels, but this sharp recovery follows a period of weakness; the current price of $1.21 is -2.4% from the 52-week high and well above the 52-week low of $0.48. Critically, Ruffini's prior open-market purchase at VFF on 2024-09-26 subsequently declined -15.3% over 90 days, and his cross-ticker track record shows a 0% win rate on timing (0 of 1 prior buys well-timed). The company remains unprofitable (net income $-6.7M in the latest quarter, negative full-year results) despite revenue growth of +17.7% year-over-year, which constrains the credibility of a discretionary insider buy as a fundamental conviction signal. The buy represents only +0.3% of his pre-transaction holdings, a modest addition that does not demonstrate material accumulation.

May 2025
2025-05-30
high
DEGIGLIO MICHAEL A Buy
Chief Executive Officer
100,000 shares
$120,500
@ $1.20
Significance 6/10

VFF CEO Michael A DeGiglio purchases 100,000 shares at $1.20; stock up 61.9% in 30 days but remains 4.0% below 52-week high

CEO DeGiglio acquired 100,000 shares at $1.20 on 2025-05-29, increasing his post-transaction holdings to 9,758,127 shares from 9,658,127 shares. This purchase occurs within a volatile window: the stock has surged 61.9% over the prior 30 days and 66.2% over 90 days, yet remains 4.0% below its 52-week high of $1.24, suggesting recent recovery from depressed levels. The insider has completed 5 prior purchases at VFF within days of this trade (2025-05-20 through 2025-05-30), creating a concentrated buying sequence during a strong upward price movement. Village Farms reported negative net income of $-6,703,000 on revenue of $77,074,000 in the latest quarter, though full-year revenue grew 17.7%, indicating underlying business growth despite current unprofitability. The pattern of repeated purchases during a sharp rally warrants examination of whether the CEO's conviction reflects recovery momentum or response to operational developments.

2025-05-29
high
DEGIGLIO MICHAEL A Buy
Chief Executive Officer
25,000 shares
$30,250
@ $1.21
Significance 6/10

CEO DeGiglio buys 25,000 shares of VFF at $1.21; 5 buys in 8 days amid +64.6% 30-day rally

DeGiglio, the CEO, purchased 25,000 shares at $1.21 on 2025-05-28, bringing his holdings to 9,658,127 shares. This buy is the sixth transaction from DeGiglio at VFF in the past 8 days (prior buys on 2025-05-29, 2025-05-23, 2025-05-21, 2025-05-20, and 2025-05-19), forming a pattern of repeated accumulation during a sharp price recovery. The stock has gained 64.6% over the past 30 days and 67.6% over 90 days, now trading at $1.20, just 3.2% below its 52-week high of $1.24. The company remains unprofitable on a full-year basis (net income of -$6.7M) despite quarterly revenue of $77.1M and annual revenue growth of +17.7%, creating a disconnect between operational headwinds and the stock's recent momentum. The timing and frequency of these purchases warrant scrutiny as to whether DeGiglio is accumulating during a technical rebound or responding to operational developments not yet reflected in public filings.

2025-05-28
high
DEGIGLIO MICHAEL A Buy
Chief Executive Officer
20,000 shares
$24,960
@ $1.25
Significance 6/10

CEO DeGiglio bought 20,000 shares of VFF at $1.25 on 2025-05-23; 5th purchase in 8 days amid +71.4% 30-day rally.

CEO Michael A DeGiglio purchased 20,000 shares at $1.25, bringing his post-transaction holdings to 9,633,127 shares. This buy is the fifth consecutive open-market purchase at VFF within 8 days (2025-05-16 through 2025-05-28), executed during a period when the stock has surged +71.4% over 30 days and +63.9% over 90 days. The sustained sequence of buys during a strong rally, combined with the CEO's accumulating position (9.63M shares post-transaction), suggests active portfolio commitment rather than incidental trading. However, the company remains unprofitable with net income of $-6.7M in the latest quarter, though annual revenue growth stands at +17.7%, creating mixed fundamental signals. The current price of $1.21 is -2.4% from the 52-week high of $1.24, suggesting the recent rally may be moderating.

2025-05-23
medium
DEGIGLIO MICHAEL A Buy
Chief Executive Officer
10,000 shares
$11,200
@ $1.12
Significance 4/10

VFF CEO DeGiglio buys 10,000 shares at $1.12; acquires 4th VFF purchase in 5 days amid +102.2% 30-day rally.

CEO Michael A DeGiglio purchased 10,000 shares of Village Farms International at $1.12 on 2025-05-21, bringing his holdings to 9,613,127 shares. This transaction is the fourth open-market VFF purchase DeGiglio made in five consecutive trading days (2025-05-16, 2025-05-19, 2025-05-20, 2025-05-21), a burst of accumulation activity. The timing follows a sharp 30-day price move of +102.2%, raising the question of whether the CEO is entering at recovery levels. The company reported negative net income of $-6,703,000.00 in its latest quarter and was unprofitable over its full fiscal year, even as annual revenue grew +17.7%. With no measurable outcomes yet on any of the four same-ticker purchases, and no prior well-timed buy pattern in his cross-ticker history, the significance of this accumulation phase remains contextual rather than confirmatory.

2025-05-21
medium
DEGIGLIO MICHAEL A Buy
Chief Executive Officer
30,000 shares
$34,131
@ $1.14
Significance 4/10

VFF CEO Michael A DeGiglio buys 30,000 shares at $1.14; stock down 22.6% from 52-week high but up 73.8% in 30 days

Michael A DeGiglio, CEO of Village Farms International, purchased 30,000 shares at $1.14 on 2025-05-20, bringing his holdings to 9,603,127 shares. This represents a discrete buy by the company's top executive at a price below the current market price of $1.06, though the stock has recovered sharply (+73.8% over 30 days) from depressed levels. The company reported a $-6,703,000 net loss over its most recent full fiscal year and is currently unprofitable, though revenue grew 17.7% year-over-year, suggesting underlying operational momentum despite near-term earnings pressure. This single transaction occurs within a cluster of recent buys by the same insider at VFF (three additional purchases on 2025-05-16, 2025-05-19, and 2025-05-21), indicating sustained accumulation during a volatile period, though the outcomes of these recent trades cannot yet be measured given their proximity to the filing date.

2025-05-20
medium
DEGIGLIO MICHAEL A Buy
Chief Executive Officer
15,000 shares
$15,556
@ $1.04
Significance 4/10

CEO DeGiglio bought 15,000 shares of VFF across 2 purchases at $1.04; stock up 88.3% in 30 days, down 20.4% from 52-week high.

Michael A. DeGiglio, CEO of Village Farms International, executed 2 separate purchases totaling 15,000 shares for $15,556.00 at a blended average price of $1.04 on May 16 and May 19. The company is unprofitable on a full-year basis (net income of $-6,703,000.00) and reported a net loss in the latest quarter, though annual revenue grew 17.7% to $77,074,000.00. The stock has recovered 88.3% over 30 days but remains 20.4% below its 52-week high of $1.37, suggesting volatile trading around depressed levels. The CEO's purchases represent a 0.2% addition to his 9.57M share position, a modest incremental stake acquisition at substantially reduced valuations relative to recent highs.

September 2024
2024-09-27
low
Ruffini Stephen C Buy
Chief Financial Officer
20,000 shares
$18,400
@ $0.92
Significance 3/10

CFO Ruffini buys 20,000 VFF shares at $0.92; stock now $0.91, down 40.5% from 52-week high

CFO Stephen C. Ruffini purchased 20,000 shares at $0.92 on 2024-09-26, increasing his holdings to 659,200 shares. The purchase occurred as Village Farms trades near the bottom of its 52-week range ($0.65–$1.53), currently at $0.91 and down 40.5% from its 52-week high. The company is unprofitable with net income of -$23.5M in the latest quarter and annual revenue declining 2.7% year-over-year. While the transaction demonstrates insider activity at depressed price levels, the purchase is modest relative to the CFO's existing position, and the company's deteriorating fundamentals—negative earnings, revenue contraction, and market cap of $101.7M—provide limited clarity on whether this represents conviction or portfolio maintenance.

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