Director Min-Chu Chen sold 8,247 shares of AAOI at $201.00 for $1,657,647.00; stock since rallied +112.3% in 90 days.
Min-Chu Chen sold 8,247 shares at $201.00 on 2026-06-02, reducing his holding from 169,300 to 161,053 shares. The sale preceded a substantial rally: the stock gained +112.3% over the following 90 days and +12.4% in the 30 days immediately after the transaction. At his prior two sales at AAOI (2026-03-09 and 2026-03-06), the stock also rose post-trade by +69.3% and +89.8% at the 90-day mark, indicating a historical pattern of selling into strength before continued appreciation rather than executing well-timed exits before declines. The company remains unprofitable (net income $-14.3M) despite strong revenue growth of +82.8%, and the current price of $202.89 is now -13.2% from its 52-week high, suggesting the post-sale gains did not persist indefinitely. For investors, the repeated pattern of Chen selling while the stock continues upward warrants tracking whether this reflects portfolio rebalancing activity or a mismatch between his transaction timing and AAOI's momentum.