Director Olimpio Matarazzo Neto purchased 100,000 shares (100.0K) for $1,129,250.00 across 3 transactions; holdings increased 74.1% to 235,000 shares.
Olimpio Matarazzo Neto executed 3 separate purchases totaling 100,000 shares (100.0K shares) for $1,129,250.00 at blended average price of $11.29 on June 3–5, 2026, substantially increasing his stake from 135,000 to 235,000 shares (+74.1%). The timing is noteworthy: his 5 prior trades at PAX were all well-timed with positive 90-day returns ranging from 1.0% to 5.5%, establishing a consistent pattern. However, this current purchase occurs when the stock is trading -37.4% from its 52-week high of $17.80 and -13.7% over the past 30 days, suggesting acquisition at depressed levels relative to recent volatility. The director's cross-ticker track record shows 100% win rate on buys over 90-day periods. Investors should monitor whether this large accumulation precedes price recovery or signals conviction in recovery from the recent sharp decline.