Mayukh Sukhatme (President & CIO) sells 1.00M shares for $34.1M across 2 transactions at ROIV, retaining 18.68M shares plus substantial option holdings
Mayukh Sukhatme executed 2 separate sales totaling 1,000,000 shares for $34,105,000.00 at blended average price $34.10, reducing his non-derivative holdings by 5.1% to 18.68M shares. The stock currently trades at $34.73, near its 52-week high of $34.83 (-0.3% from the 52-week high), and has risen 15.8% over the past 30 days and 25.4% over the past 90 days. Sukhatme retains 28,948,726 shares in derivative form (stock options), meaning his overall economic position remains substantial. At this ticker, his prior 5 sales show mixed post-transaction performance: only 1 of 5 were well-timed at the 90-day mark, with returns ranging from -13.1% to +27.6%. The company reported quarterly revenue of $1,999,000.00 and net income of $-265,891,000.00, with annual revenue declining 71.6% year-over-year, providing context for evaluating whether this partial reduction signals broader concerns.