CEO Michael H. Davidson sold 443,707 shares of NAMS at $33.25 (2026-03-02); post-sale holds 174,144 shares (28.2% of prior holdings).
CEO Michael H. Davidson sold 443,707 shares at $33.25 on 2026-03-02, reducing his stake from 617,851 shares to 174,144 shares, representing a -71.8% reduction in holdings. The sale occurred at $33.25, slightly above the current price of $32.83 but well below the 52-week high of $41.45; the stock has declined -14.4% over the prior 90 days. The underlying company posted revenue of $348,000.00 in the latest quarter, net income of $-72,005,000.00, and annual revenue growth of -50.6%, signaling severe operational distress. In his cross-ticker track record, Davidson's 7 prior sells had a 0 of 0 well-timed rate at the 90-day mark, and his 5 most recent trades at NAMS (all sales within 6 days) have measurable outcomes not yet determinable. The rapid succession of five sales within one week, the substantial reduction in personal exposure, combined with sharply negative fundamentals, warrants examination of whether this represents a shift in the insider's confidence in near-term trajectory.