CSO Joseph Lyssikatos sells 132,500 shares for $3.5M at ELVN; blended avg $26.23, stock now $25.03; company unprofitable (-$20.1M net income).
Joseph Lyssikatos, Chief Scientific Officer, executed 4 separate sales totaling 132,500 shares for $3,476,013.95 on January 8–9, 2026, reducing his stake by 14.8% from 897,688 shares to 765,188 shares. The transactions occurred at prices ($20.13, $24.92, $24.90, $29.13) with a blended average of $26.23, slightly above the current price of $25.03, and notably close to the 52-week high of $26.00 achieved during the 30-day window (+48.5% rally). His prior sales at ELVN exhibit a strong timing pattern: 4 of 4 prior trades showed negative 90-day returns, indicating he has historically sold before subsequent declines. The company reported negative net income of $-20,148,000.00 for its most recent full fiscal year, and with a $1.5B market cap, continues to operate unprofitably. The near-peak execution combined with consistent prior success in timing downturns at this ticker warrants scrutiny of any forward guidance or operational headwinds that may have prompted the liquidation.