VP Stephen Lafaille sold 60,000 shares (99.3% of holdings) across 4 transactions June 3-23 for $345,800.00
Stephen Lafaille, VP of Business Development, executed four separate sales between June 3 and June 23, 2025, totaling 60,000 shares for $345,800.00, reducing his stake from 60,000 shares to 400 shares. The sales occurred as the stock price rose significantly—transaction prices ranged from $4.88 to $7.25, with the stock now trading at $7.32 (−1.4% from its 52-week high of $7.42). While the price action during the sales window was upward, the timing context reveals this occurred amid a company reporting negative net income of $-659,922.00 in the latest quarter and annual revenue decline of −10.0% year-over-year, despite the stock's 30-day surge of +59.1% and 90-day gain of +180.5%. The near-complete liquidation of a senior executive's shareholding—reduction by 99.3%—represents a material shift in insider positioning at a time of fundamental weakness masked by recent momentum.