CFO Everson Miles E. sold 830,209 shares across 2 transactions at $4.91–$4.58 for $3,935,414.87; stock down 85.0% from 52-week high.
Chief Financial Officer Everson Miles E. executed two separate sales totaling 830,209 shares for $3,935,414.87 between April 8–9, 2026, at prices of $4.91 and $4.58 respectively (blended average $4.74). The timing is notable: the company reported net income of -$346,812,000.00 for its most recent full fiscal year, and the current stock price of $4.87 represents a -85.0% decline from the 52-week high of $32.53, with the 30-day and 90-day changes both deeply negative (-43.9% and -47.0% respectively). The sale represents a 7.7% reduction of his 10,800,000 shares (9,969,791 remaining post-transaction), preserving a substantial long-term position while the company remains unprofitable and the stock has undergone severe deterioration. The magnitude of the liquidation ($3.9M in a single filing) against a backdrop of company-wide losses and severe price decline raises material questions about insider confidence and financial position during a period of operational distress.