Director Leonsis sells 20,000 TEM shares at $75.83, reducing stake by 23.1% to 66.8K shares post-transaction
Director Theodore Leonsis sold 20,000 shares (20.0K shares) at $75.83 on 2025-08-26, totaling $1,516,600.00 ($1.5M), reducing his holdings from 86.8K to 66.8K shares—a 23.1% reduction in his position. The sale came after the stock had appreciated 26.4% over the prior 30 days and 33.5% over the prior 90 days, though it now trades at $73.66, down 17.6% from the 52-week high of $89.44. At the same ticker, Leonsis's prior two sales on 2025-06-11 have shown negative 30-day returns (-15.8% and -16.7%), and his two measurable 90-day sales outcomes at TEM (2024-12-11) showed positive returns of +11.9% and +9.6%—meaning he sold before the stock subsequently rose, indicating poorly-timed exits on prior occasions. The company remains unprofitable with net income of $-42.8M on revenue of $314.6M (latest quarter), though annual revenue growth stands at +30.4%.