Clark Jermoluk Founders Fund I sold 2,002,380 shares (99.4% of holdings) for $70,091,179.62 at IBTA on 2025-06-26.
A 10% owner divested nearly complete holdings through 4 separate sales totaling 2,002,380 shares for $70,091,179.62, reducing stake from 2,013,743 shares to 11,363 shares. The blended average sale price of $35.00 significantly exceeds the current price of $36.60, though the stock has declined -26.8% over 30 days and -52.4% from its 52-week high of $76.89. At the same ticker, this filer's prior 5 trades (all sells in late May and early June) show measurable 30-day returns of -26.3% and -27.0%, indicating the recent sell pattern occurred amid downward momentum. The company's fundamentals show positive trajectory (revenue growth +14.8%, P/E 12.84), but the near-complete exit by a founder-aligned fund represents a structural shift in insider positioning during a period of significant price deterioration.