CFO Adam Scott sold 119,524 shares at blended avg $44.88 on 2025-11-11, reducing stake by 86.0% to 19.4K shares; stock now at $44.29 vs 52-week high $47.33.
CFO Adam Scott executed 9 separate sales totaling 119,524 shares for $5,363,715.88 in a single day, reducing his holdings from 138.9K shares to 19.4K shares (an 86.0% reduction). The transaction occurred near the company's 52-week high ($47.33), with the blended average price of $44.88 only 6.4% below peak. Mineralys remains fundamentally unprofitable with $-36,932,000.00 net income over the most recent full fiscal year; the large, concentrated liquidation by the CFO—the executive responsible for financial reporting and corporate governance—warrants investor scrutiny of whether material financial or operational concerns informed the timing. The historical pattern at MLYS shows poor 90-day sell timing (1 of 5 prior sells well-timed), and the dramatic reduction in his personal stake creates a gap between insider ownership and public expectations of board confidence in the turnaround narrative.