Executive Chairman Platzer sold 204,248 shares ($1.9M) across 10 transactions; stock up 95.5% in 30 days and 105.7% in 90 days post-initial filing.
Platzer executed 10 separate sales totaling 204,248 shares for $1,884,577.44 across 13 months (May 2024–January 2026) at a blended average price of $9.23, reducing his holdings by 12.1%. The filing occurs during a dramatic recovery: the stock has surged 95.5% over the prior 30 days and 105.7% over the prior 90 days, now at $21.56—well above the $7.59–$12.45 prices at which Platzer executed most of his sales. At the same ticker, his prior 4 sells showed a 25% well-timed rate (1 of 4 resulted in declines within 90 days), while his cross-ticker track record shows a 25% well-timed rate with an average 90-day return of +1.6% after his sales—indicating his historical sells did not systematically precede declines. Fundamentally, the company is unprofitable ($-19.7M net income last quarter) with contracting revenue (-35.2% annual growth), yet the stock has recovered substantially, creating a temporal mismatch between when he sold (at prices reflecting distress) and when the stock rebounded.