SVP Global Controller Howe sold 10,000 shares (80.5% of holdings) at $58.00 on 2025-08-07, reducing stake to 2.4K shares.
Jolanda Howe, SVP Global Controller, executed a substantial sale of 10,000 shares for $580,000, representing an 80.5% reduction in her MIRM holdings. The sale occurred at $58.00, slightly below the current price of $59.97 and just shy of the 52-week high of $59.97. Howe's prior four trades at MIRM (all sales on 2025-03-17) were poorly timed: all four showed negative 30-day returns averaging -12.8% but positive 90-day returns (well-timed if the stock fell after, but it rose instead), with 0 of 4 trades well-timed at the 90-day mark. The company is growing rapidly (revenue +80.8% annually) but remains unprofitable with $-5.9M net income on $127.8M in latest quarterly revenue. This sale does not signal a clear market-timing insight; rather, it reduces Howe's direct exposure to a high-growth but loss-making pharmaceutical firm to a minimal stake of 2.4K shares.