Director James G Castellano sells 44.0K CNM shares at $61.98 totaling $2.7M; holds derivative position
Director James G Castellano sold 44.0K shares of Core & Main at $61.98 on July 18, 2025, realizing $2,726,783.32. The sale price of $61.98 was 1.5% below the current price of $62.93 and represents an execution at the 52-week high range of $38.00–$62.93. The stock has appreciated 10.3% over 30 days and 26.6% over 90 days, reflecting strong recent momentum in a company with solid fundamentals (11.0% annual revenue growth, $100.0M net income on $1.9B revenue, P/E of 29.41). The Form 4 flag indicates this transaction involves a conversion of derivative securities, meaning Castellano retains a derivative position not yet visible in Table II of the filing; this sale represents a specific batch conversion rather than a complete position exit.