CEO Barbosa Rodrigo Cardoso sells 115,000 shares for $9.4M, continuing a pattern of open-market dispositions as stock trades below recent highs.
CEO Barbosa Rodrigo Cardoso has now completed four open-market sales of AUGO shares over a short period, liquidating 115,000 shares in this filing alone for approximately $9.4 million. His direct stake has declined from 854,745 shares to 739,745 shares, reducing his holding by roughly 13 percent. This marks his fourth sale in the window, following two prior sales in March—a consistent pattern of trimming his position rather than adding to it. The stock currently trades well below its 52-week high and has declined significantly over the past month, yet the timing of these dispositions has been historically poor; both of his prior sales at this ticker were followed by stock appreciation at both 30-day and 90-day horizons, meaning he sold before subsequent rallies. Despite the recent weakness, the CEO retains a substantial stake of nearly 740,000 shares, preserving direct exposure even as he reduces it.