Director Connor Josh T. sold 180,000 ULCC shares (60.7% of holdings) in 2 separate transactions for $1,054,758.00
Connor Josh T. executed two separate sales totaling 180,000 shares on consecutive days (60,000 shares at $6.00 on 2024-12-05 and 120,000 shares at $5.79 on 2024-12-06) for a combined $1,054,758.00. This represents a substantial reduction in his direct holdings from 296,550 to 116,550 shares (a -60.7% reduction). The timing is notable given the stock's recent volatility: ULCC trades -27.2% from its 52-week high of $8.13, though it has recovered +50.2% over the past 90 days. The company generated $26,000,000 in net income from $935,000,000 in quarterly revenue and posted full-year losses in its most recent fiscal year, creating an earnings backdrop of profitability volatility. The director's material exit of most of his position during a period of price recovery and elevated volatility merits investor scrutiny.