Director David Lee King sells 20,000 shares (57.2% of holdings) at $119.09 avg; stock down 25.1% in 30 days, down 38.4% from 52-week high.
David Lee King sold 20,000 shares across 3 separate transactions on 2026-05-26 for a blended average of $119.09, representing a reduction of 57.2% of his pre-transaction holdings from 34,941 shares to 14,941 shares. The timing of this substantial divestiture coincides with a pronounced downturn: the stock has declined 25.1% over the prior 30 days and 38.4% from its 52-week high of $205.50, trading currently at $126.61. The company remains fundamentally intact with $1.6B in quarterly revenue and 19.0% annual revenue growth, but the combination of a large director stake reduction during a steep drawdown warrants investor attention to whether this signals a material shift in insider perspective on the stock's prospects.