COO Matthew Neagle sold 62,344 shares of PRCH at $9.78; holds 1,990,705 post-sale. Stock -49.9% from 52-week high.
Matthew Neagle sold 62,344 shares for $609,462.48 at $9.78 on 2026-05-20, reducing his stake by 3.0%, yet retains substantial holdings of 1,990,705 shares. At the transaction price of $9.78, the stock was already significantly depressed at -49.9% from its 52-week high of $19.44, and his recent same-ticker history shows mixed discipline: his two most recent PRCH sales on 2026-05-08 and 2026-05-05 both deteriorated by -7.9% and -1.8% respectively over 90 days, whereas four earlier sales between 2026-04-14 and 2026-05-01 posted gains ranging from +4.6% to +49.7%. The company fundamentals reveal ongoing unprofitability (full-year net income negative, latest quarter showing $-4.7M loss on $121.1M revenue) despite 10.2% annual revenue growth, creating ambiguity about whether this sale reflects operational concerns or portfolio rebalancing during a depressed valuation window. His cross-ticker track record shows a 30.0% well-timed sell rate (10 prior sells, avg 90d return +13.7%), suggesting generally strong exit discipline, yet his PRCH-specific pattern deteriorated in recent weeks, warranting observation of whether selling pressure accelerates or stabilizes.