Co-President John P. Zito sells 48,644 shares at blended $130.66; retains 3.06M shares post-sale
John P. Zito executed 3 separate sales totaling 48,644 shares for $6,355,707.66 on 2026-05-27, with transaction prices ranging from $129.95 to $131.68 and a blended average price of $130.66. The sale represents a 1.6% reduction from his pre-transaction holding of 3,112,340 shares, leaving him with a substantial post-transaction position of 3.06M shares, indicating continued material ownership. The transaction occurred when the stock was trading near the lower end of its 52-week range—currently $127.51, down 18.9% from the 52-week high of $157.28—after recent positive price momentum (90-day: +21.9%, 30-day: +3.2%). The company's fundamentals show a $-1.9B net loss in the latest quarter despite $5.1B revenue and 22.7% annual revenue growth, reflecting significant operational or valuation challenges that warrant investor attention to the underlying business health and the co-president's assessment of near-term stock value.