10% Owner Btoa - NQ LLC sells 7,477,500 shares (99.7% of holdings) at $3.78 for $28.2M at BMBL.
Btoa - NQ LLC, a 10% owner of Bumble Inc., executed seven separate sales totaling 7,477,500 shares for $28,228,310.25 on 2026-06-16, reducing holdings from 7,496,874 shares to 19,374 shares—a near-complete exit of the position. The sales occurred at $3.78 per share, while the stock currently trades at $2.96, down 65.7% from its 52-week high of $8.64 and off 6.3% over the past 30 days. The seller's prior five trades at BMBL were all executed on 2026-03-17 and each posted positive 30-day returns (+22.8%) but negative 90-day returns (-16.2%), with a perfect 5-of-5 well-timed rate at the 90-day mark. Notably, the company reported full-year losses and negative revenue growth of -9.9% year-over-year, despite recent quarterly profitability of $45.2M on $212.4M revenue. This large-scale liquidation by a major insider, combined with the company's deteriorating fundamentals and the insider's historical success in timing BMBL downside moves, represents a significant reduction in insider conviction.