Director Kumar Raj purchases 5,405 shares of EROK at $18.50 in non-discretionary allocation post-IPO
Kumar Raj, as a Director, acquired 5,405 shares totaling $99,992.50 on 2026-05-15 at $18.50 per share in what is explicitly flagged as a private placement or IPO allocation—not a discretionary open-market purchase. The company listed just 3 trading days prior, meaning this transaction represents an allocation-based entry rather than a conviction-driven market purchase. The stock has appreciated to $23.29 as of 2026-05-19, reflecting typical post-IPO momentum, but this price appreciation cannot be attributed to insider foresight given the non-discretionary nature of the acquisition. The transaction establishes Raj's baseline holding at 5,405 shares post-IPO but provides limited signal about his independent assessment of value at current levels.