Director Manuel sold 183,000 shares (183.0K shares) for $19,693,396.64 across 7 transactions on 2026-04-01, reducing stake by 36.4%
Director Alba Manuel executed 7 separate sales totaling 183,000 shares for $19,693,396.64 at prices ranging from $106.32 to $111.14, reducing her holdings from 502,863 shares to 319,863 shares—a 36.4% reduction in her position. The transaction occurred at a blended average price of $107.61, notably below the current market price of $117.14, suggesting the sales preceded a subsequent price advance. Within the same ticker (ALAB), Manuel's 5 prior sales—all conducted on 2025-12-01—showed a 100% well-timed pattern at the 90-day mark, with returns ranging from -26.0% to -31.1%, indicating those sales preceded declines. Her cross-ticker track record shows 20 prior sells with an average 90-day return of -27.0% and a 90-day well-timed rate of 100.00%, demonstrating consistent downside capture before market reversals. This transaction's scale (36.4% of prior holdings), coupled with the insider's established pattern of well-timed exits and current price positioning $9.53 above the blended sale price, warrants close monitoring of whether this divestiture signals a shift in insider positioning at a company with strong fundamentals (annual revenue growth of +115.1%, P/E of 39.71).