Director Bilger bought 45,490 shares for $397,491.35 at blended avg $8.74; cluster pattern with 2 other insiders buying within 14 days.
Director Bruce R Bilger executed 4 separate purchases totaling 45,490 shares for $397,491.35 at a blended average price of $8.74 on 2026-03-13, increasing his holdings by 24.9% to 228,055 shares. This purchase occurred as the stock trades at $9.14, down 40.2% from its 52-week high and down 20.3% over 30 days, suggesting the buying occurred at materially depressed levels relative to recent trading range. The filing discloses a cluster pattern with 2 other insiders also buying within the past 14 days, indicating coordinated accumulation activity by multiple board/management participants at similar price levels. Given the scale of individual commitment ($397.5K) and the synchronized multi-insider pattern, this warrants monitoring of the underlying driver—whether company-level developments or market dislocations—and subsequent price recovery trajectory.