10% Owner AIPCT Holdings LLC sold 3,041,288 shares of TWI at $8.95; reduces stake by 25.5%
AIPCT Holdings LLC, a 10% shareholder, sold 3,041,288 shares (3.04M shares) at $8.95 on 2026-03-04, reducing its position from 11,921,766 shares to 8,880,478 shares—a 25.5% reduction of prior holdings. The sale occurred near recent weakness: the current price stands at $8.66, down 18.7% over 30 days and 24.0% below the 52-week high of $11.40. The company remains unprofitable (full-year net income was negative), with trailing quarterly revenue of $466.5M flat against prior year and a market cap of $554.4M. A material stake reduction by a principal shareholder during a period of price decline and persistent unprofitability merits investor attention to any strategic or operational context behind the transaction.