CBO Behrad sold 42,068 shares of EWTX at $29.03 for $1,221,133.08 (-73.6% of holdings)
Derakhshan Behrad, Chief Business Officer, executed a substantial divestiture selling 42,068 shares at $29.03 on 2024-09-20, reducing his holdings from 57,189 to 15,121 shares—a 73.6% reduction in position. The sale occurred near the company's 52-week high of $29.50, and the stock has subsequently declined 12.1% to a current price of $25.92. The timing is notable against the company's operating fundamentals: Edgewise reported a net loss of $31,497,000 over its most recent full fiscal year, making it an unprofitable company at the time of this transaction. The magnitude of the reduction—removing nearly three-quarters of his holdings in a single trade—represents a material change in insider ownership exposure.