CFO James H Mackaness sold 90,622 shares for $6,293,177.04 across 11 transactions on 2025-03-27, reducing holdings by 46.3%.
James H Mackaness, Chief Financial Officer of Soleno Therapeutics, executed 11 separate sales totaling 90,622 shares for $6,293,177.04 on March 27, 2025, with prices ranging from $65.97 to $72.64 and a blended average of $69.44. This sale reduced his holdings from 195,798 shares to 105,176 shares, a -46.3% reduction in his stake. The company is trading at $71.45, near its 52-week high of $71.99, and has experienced significant recent momentum (+46.4% over 30 days, +59.0% over 90 days). However, Soleno remains unprofitable with a net loss of $-76,616,000.00 in its most recent fiscal year, despite 138.8% annual revenue growth. Across his five prior sales at SLNO, none were well-timed at the 90-day mark—the stock consistently rose after each sale, with 90-day returns ranging from +16.7% to +24.1%—suggesting a pattern where this CFO's equity dispositions have consistently preceded further appreciation rather than preceding declines.