Chief Med. & Reg. Officer sells 244,000 shares (78% of holdings) for $5.8M at $23.67–$23.68 avg
Gary Ingenito executed 2 separate sales totaling 244,000 shares for $5,775,720.00, reducing his CPRX holdings from 312,873 shares to 68,873 shares — a 78.0% reduction in stake. The sales occurred at $23.68 on 2025-05-13 and $23.63 on 2025-05-14, near the stock's 52-week high of $25.74 (current price $23.78 is 7.6% below peak). At the same-ticker level, Ingenito's 4 prior CPRX sells show mixed timing: two recent sales (2025-03-05 and 2025-03-06) posted 30-day gains of +4.4% and +6.5%, while his 2024 sales displayed an 0-of-2 well-timed rate at the 90-day horizon, suggesting stock strength after his prior exits. Against favorable fundamentals (P/E 14.68, +23.5% annual revenue growth, $56.7M net income), the substantial reduction in executive stake warrants investor attention to underlying conviction and capital allocation timing.