Director Mittendorff buys 1,333,333 shares of CARL for $20.0M at $15.00; 4 other insiders bought within 14 days
Mittendorff Robert II (Director) acquired 1,333,333 shares for $19,999,995.00 on 2025-07-24 at $15.00 per share, just two trading days after CARL's recent listing. This transaction is part of a cluster pattern: 4 other insiders also bought within the past 14 days, suggesting synchronized insider purchasing activity following the IPO. The derivative-conversion flag indicates this filing involves a conversion of derivative securities, meaning the full scope of Mittendorff's position resides partly in Form 4 Table II (derivative holdings) which is not yet populated; the 931,452 shares shown in Table I represent only the converted portion, not his total stake. The multi-insider buying cluster in the immediate post-listing window suggests significant insider interest in the company's initial public valuation.