CFO Richard Giroux sells 56,000 MGTX shares at $10.22; stock +41.2% in 30 days despite unprofitable operations and $-50.5M net income.
Richard Giroux, serving as CFO & COO, sold 56,000 shares at $10.22 on 2026-04-21, representing a 5.4% reduction in his holdings. The sale occurred against a backdrop of significant recent price momentum: the stock has gained 41.2% over the past 30 days and 33.3% over the past 90 days, putting it 9.9% below its 52-week high of $11.29. However, this price appreciation contrasts sharply with MeiraGTx's fundamentals: the company posted a net loss of $50.5M in its most recent fiscal year and reported only $410.0K in latest quarterly revenue, while remaining unprofitable. The timing of this equity reduction during a strong rally—when an executive might have elevated selling opportunity—merits scrutiny given the company's substantial operating losses and limited revenue base, especially as a CFO is positioned to assess near-term financial visibility.