Director Chu Steven sold 322,197 shares at blended $18.20 for $5,863,983.95, reducing stake by 71.7% to 127,339 shares
Director Chu Steven executed four separate sales totaling 322,197 shares for $5,863,983.95, reducing his holdings from 449,536 shares to 127,339 shares (-71.7% of pre-transaction holdings). The sales occurred on 2026-03-10 and 2026-03-12 at prices ranging from $17.92 to $18.65 per share, with a blended average of $18.20, within 1.6% of the current price of $18.29. This substantial equity reduction by a board member comes during a period of significant stock appreciation (30-day change: +58.4%, 90-day change: +67.6%), while the company remains unprofitable (net income: $-3,892,000) despite strong revenue growth of +202.1% year-over-year. The scale of the disposition—eliminating nearly three-quarters of his position—warrants investor attention to understand his conviction level regarding the company's profitability trajectory at current valuations.