Director Berkshire Partners LLC sold 10,000,000 shares at $12.23 for $122.3M; post-transaction holdings 1,045,630 shares (-90.5%)
Berkshire Partners LLC filed 4 separate sales totaling 10,000,000 shares for $122,300,000.00 at a blended average price of $12.23 on 2025-05-19, reducing its holding from 11,045,630 shares to 1,045,630 shares. The transaction occurred 25.3% below the 52-week high of $15.39 and at a price 6.4% above the current market price of $11.50, suggesting execution across a period when the stock was under downward pressure (90-day change: -19.8%). The company trades at a P/E of 25.00 with a market cap of $710,638,153.00 and recent revenue of $176,437,000.00 showing 4.5% annual growth and net income of $3,313,000.00. The magnitude of this reduction—a 90.5% decrease in the director's post-transaction holdings—warrants attention to Form 4 Table II derivative holdings to establish the director's full economic position.