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EdgarHawk

SCALZO JOSEPH

Director

Director
2 filings analyzed · 1 company · Latest 2024-11-12

Companies

Company Buys Sells Direction
Simply Good Foods Co SMPL 0 10 Net selling

Activity

November 2024
2024-11-12 Simply Good Foods Co SMPL
high
Sell
149,574 shares
$5,511,110
Significance 6/10

SMPL Director Scalzo sells 149,574 shares across 2 transactions for $5,511,110.18, reducing stake by 51.4%

Director Joseph Scalzo executed 2 separate sales on 2024-11-08 and 2024-11-12, selling a combined 149,574 shares at an average price of $36.85 and reducing his holdings from 291,013 shares to 141,439 shares—a net reduction of 51.4%. The timing of this large reduction occurred within days of prior sales (2024-11-06 and 2024-11-07), suggesting concentrated liquidation activity. The current stock price of $36.71 is within 0.4% of the blended transaction average, and the stock has posted solid 30-day and 90-day gains of +8.3% and +11.2% respectively, placing it 14.0% below its 52-week high. The company fundamentals remain solid with revenue growth of 7.1% annually and a P/E of 24.15, though the director's decision to cut his position by more than half in rapid succession warrants investor attention to changes in executive outlook or personal capital allocation priorities.

2024-11-08 Simply Good Foods Co SMPL
high
Sell
264,000 shares
$9,427,674
Significance 7/10

Director Joseph Scalzo sells 264,000 SMPL shares for $9,427,674.20 across 3 transactions, reducing holdings by 65.5%

Joseph Scalzo, Director at Simply Good Foods Co, executed 3 separate sales totaling 264,000 shares for $9,427,674.20 between November 6-7, 2024, at a blended average price of $35.71. His holdings fell from 403,204 shares to 139,204 shares, representing a 65.5% reduction in position size. The sales occurred as the stock traded at $36.23 currently, up 8.7% over 30 days and 11.2% over 90 days despite sitting 15.1% below its 52-week high, against a backdrop of solid fundamentals (P/E of 23.84, recent quarterly net income of $41,334,000.00, and 7.1% annual revenue growth). The director's cross-ticker track record shows only 1 prior sell; this substantial, multi-tranche reduction represents a material departure from his historical inactivity.

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