CCO Kaushik Ghoshal sold 9,745 shares of RMD at $239.31 on 2025-03-10, reducing holdings by 50.1%
Kaushik Ghoshal, Chief Commercial Officer at ResMed, liquidated exactly half of his RMD holdings (from 19,470 to 9,725 shares) in a $2.3M sale on 2025-03-10 at $239.31—a price now 5.8% above the current $225.79. The sale occurred within a week of four prior sales on 2025-03-03 at the same ticker, suggesting a systematic reduction program. Examined against his cross-ticker track record across 7 prior sells, his sales have been well-timed 66.67% of the time with an average 90-day return of +4.3%, indicating his selling pattern has historically preceded or coincided with stock weakness. At RMD specifically, his single measurable prior sale (2024-10-11) shows mixed timing: +5.8% 30-day return but -1.0% 90-day return, demonstrating the inherent unpredictability of any single trade. The company's fundamentals remain sound—$1.3B quarterly revenue, $344.6M net income, and +11.0% annual growth—but the scale of this reduction (50% of prior holdings) warrants attention as a shift in the insider's position conviction at the current valuation.