CFO Greben buys 20,980 shares of FOSL at $2.38; company posts $-40.0M loss, down -18.9% YoY revenue; 5 others also bought in 14 days
CFO Randy J Greben purchased 20,980 shares at $2.38, increasing his holdings by 14.0% to 171,000 shares total. This purchase occurs amid significant operational distress: the company reported a $-40.0M net loss in its most recent full fiscal year with annual revenue declining -18.9% year-over-year. The timing coincides with a cluster pattern—5 other insiders also purchased within the past 14 days—suggesting coordinated or concurrent conviction from the leadership group. At current price of $2.95, the stock is -21.3% from its 52-week high but has appreciated +28.3% over the past 30 days, placing this buy near a recent inflection point in a deeply distressed stock.