CEO Baldwin Trevor sold 175,000 shares ($6.9M) in 3 transactions at $38.48-$39.99 (June 11-12); holding reduced 86.3%
Baldwin Trevor (Chief Executive Officer) executed 3 separate sales totaling 175,000 shares for $6,892,106.00 between June 11-12, selling at prices ranging from $38.48 to $39.99 (blended average $39.38). The scale of this transaction is material: his post-transaction holding of 27,676 shares represents an 86.3% reduction from his prior stake of 202,676 shares. This is a substantial portfolio adjustment by the company's top executive. The stock currently trades at $39.12, within the 52-week range of $32.68–$55.29 and down 29.2% from the 52-week high. At the same ticker (BWIN), his prior 5 sales show a 60% well-timed rate at the 90-day mark, suggesting some historical pattern of favorable timing around decision points. However, the derivative-conversion FLAG indicates this sale may involve conversion mechanics; the insider's actual total position extends beyond the Table I shares and warrants independent verification of the full economic exposure post-filing.