CTO Jay S Stout sold 40,000 shares (40.0K shares) at blended avg $38.31 for $1,532,309.48 (reducing stake by 15.9%)
Chief Technology Officer Jay S Stout executed 2 separate sales totaling 40,000 shares for $1,532,309.48 on 2026-06-26, reducing his post-transaction holdings to 211,685 shares from a prior 251,685 shares. The transaction occurred near the 52-week high of $39.28 and well into a strong run: the stock has gained 62.0% over the past 90 days and 16.3% over the past 30 days. The company remains deeply unprofitable with a net loss of $110,635,000.00 over its most recent full fiscal year, yet maintains an $8.0B market cap. A 15.9% reduction in one of the CTO's major holdings—a substantial absolute reduction of 40,000 shares—warrants attention in the context of fundamental weakness.