CCO Manning Meredith sells 45,249 shares (49.9% of holdings) for $3.0M at $67.28 blended average
Manning Meredith, Chief Commercial Officer, executed 9 separate sales on 2025-03-27 totaling 45,249 shares for $3,044,342.88, reducing his holdings from 90,600 shares to 45,351 shares. The transaction occurred near the 52-week high ($71.45 current price is -0.8% from the $71.99 peak), following a sharp 30-day rally of +46.4% and 90-day appreciation of +59.0%. The company reported negative net income of $-76,616,000.00 for its most recent fiscal year despite strong revenue growth of +138.8%, indicating continued unprofitability at scale. The disproportionate sale of roughly half his stake against a backdrop of recent price acceleration and ongoing losses warrants examination of whether this represents opportunistic liquidation during elevated valuations or a broader shift in the executive's position.