CFO Peter K. Johansson sells 30,000 shares ($2.9M) at $96.49, reducing holdings by 42.4% to 40.7K shares
Peter K. Johansson, SVP and Chief Financial Officer, executed a substantial sale of 30,000 shares for $2,894,802.00 at $96.49 per share on 2026-06-24, reducing his post-transaction holdings to 40.7K shares from 70.7K shares—a 42.4% reduction in his position. The sale occurred near the 52-week high of $101.24, with the current price at $91.87 representing a 9.3% decline from that peak, suggesting the CFO sold at elevated valuations. The company faces structural challenges: latest quarterly revenue stands at $750.0M with net income at $-398.0K (a loss position), annual revenue growth is 0.0%, and the P/E ratio of 241.76 reflects a stock trading at extreme multiples despite negative profitability. This combination—a top finance executive offloading a material percentage of holdings while the company faces negative earnings and stalled revenue growth—warrants examination of capital allocation priorities and management confidence levels.