high
Sell
7,969 shares
$1,508,646
Significance
6/10
CFO Morici sells 7,969 shares of ALGN at $189.31 (Feb 18), reducing stake 49.2% to 8,237 shares post-transaction
John Morici, EVP and Chief Financial Officer, executed a substantial sale of 7,969 shares at $189.31, representing a reduction of nearly half his pre-transaction holdings from 16,206 to 8,237 shares. The transaction occurred when ALGN was trading near record levels, within 8.3% of its 52-week high of $207.19, following strong 30-day (+11.8%) and 90-day (+33.3%) gains. For a CFO overseeing a $13.6B market-cap company with a P/E of 36.06, a large proportional reduction in personal holdings warrants investor attention, particularly given the company's modest 3.5% annual revenue growth relative to its elevated valuation multiple.