Executive Chairman Rabinowitz sold 100,000 shares for $21.4M via pre-arranged 10b5-1 plan (2026-06-12 to 06-15)
Matthew Rabinowitz executed 21 separate sales totaling 100,000 shares (100.0K shares) for $21,447,307.52 across two trading days under a 10b5-1 trading plan adopted on 2026-03-13, meaning this was a scheduled transaction rather than a discretionary decision. The blended average price was $214.47, within the company's recent 52-week range of $131.81–$256.36. His post-transaction holdings of 2,277,843 shares (2.28M shares) represent a net reduction of 4.2% from pre-transaction levels. The company currently trades at $220.11 and reports $696.6M in quarterly revenue with annual growth of 35.9%, though it posted a net loss of $85.1M in the most recent quarter, indicating growth without current profitability; the scheduled nature of this sale under a pre-arranged plan limits inference about timing signals.