Fairbanks Jonathan B.

Director Fairbanks sells 1,170,000 shares (79% of holdings) at $21.18 for $24.8M on 2026-03-26

Director Jonathan B. Fairbanks executed 5 separate sales totaling 1,170,000 shares at $21.18 on 2026-03-26, generating $24,774,750.02 and reducing his position from 1,481,396 shares to 311,396 shares—a -79.0% reduction. The sales occurred at $21.18, above the current price of $20.45 but 21.3% below the 52-week high of $25.98. The timing is notable: Fairbanks had already filed 5 separate sells on 2026-03-23 (outcomes not yet measurable), and this filing on 2026-03-26 suggests a concentrated liquidation pattern within days. His cross-ticker track record shows a 0% 90-day win rate on 5 prior sells, meaning prior sales were not well-timed (the stock subsequently rose). At FLOC specifically, all 5 prior trades were sells on 2026-03-23, with outcomes still pending. The company reports strong fundamentals (revenue $176.9M, +41.9% annual growth, P/E 13.37, $12.5M net income), which does not align with distress-driven selling. The concentrated divestiture—a near-complete exit in multiple tranches—merits scrutiny regarding material information asymmetry or liquidity events not disclosed in the Form 4 itself.

Director Fairbanks sold 7,800,000 shares (7.80M) for $165,165,000.01 across 5 transactions at $21.18, reducing holdings 96.0% to 324.0K shares.

Director Jonathan B. Fairbanks executed 5 separate sales totaling 7,800,000 shares for $165,165,000.01 at a blended average price of $21.18, dramatically reducing his stake from 8,123,965 shares to 323,965 shares. This represents a 96.0% reduction in his FLOC holdings. The transaction occurred at $21.18 per share while the stock currently trades at $22.54, just 13.6% below its 52-week high of $26.09. His prior trades at FLOC have demonstrated poor timing at the 90-day horizon (0 of 4 prior buys were well-timed), and his cross-ticker track record shows a 0.00% win rate over 90-day periods despite a positive 30-day average. The company's fundamentals show revenue of $176,941,000.00, net income of $12,517,000.00, and 41.9% annual revenue growth with a P/E of 14.73. The scale and concentration of this liquidation, removing nearly his entire position in a single filing, merits investor attention given the magnitude and timing relative to both price history and the insider's demonstrated performance on prior transactions at this ticker.

Director Fairbanks purchased 2,000 shares at $24.00 on 2025-01-17; cluster of 6 insiders buying within 14 days

Jonathan B. Fairbanks, Director, executed 4 separate purchases totaling 2,000 shares for $48,000.00 at $24.00 per share on 2025-01-17, bringing his holdings from -1,500 shares to 500 shares. This acquisition occurs in a meaningful cluster context: 5 other insiders also purchased shares within the past 14 days, suggesting coordinated or independently motivated buying interest among the insider group. The filing occurs just 4 trading days after FLOC's recent listing, a period typically sensitive to lock-up expiries and early price discovery. With the current price at $29.42, Fairbanks's purchase is trading at a 22.6% discount to today's market level, though 52-week benchmarks are not yet meaningful given the recent listing date.