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.