10% owner Q Global Capital sold 749.0K shares at prices $6.53–$12.61, reducing stake 37.9% to 1.22M shares
Q Global Capital Management, L.P., a 10% owner, executed 7 separate sales totaling 749,002 shares for $5,400,259.89 across January 10–13, 2025, while purchasing only 3,837 shares at $12.61 for $48,384.57 on January 10—resulting in a net reduction of 745,165 shares (-37.9% vs pre-transaction holdings). The sales occurred at prices ranging from $6.53 to $12.61, with the largest single sale of 271,339 shares at $6.97 on January 10. The incumbent position value at current price ($6.65) reflects a 52-week decline of -87.0% from the $50.95 high, and the stock has fallen -62.7% over 30 days and -60.8% over 90 days. ModivCare is unprofitable (annual net income negative at -$26,604,000.00) despite recent revenue growth of 9.8%; the company's market cap stands at $94,986,365.60. The scale and velocity of this insider divestiture—a near-40% reduction of major-holder stakes across multiple tranches at declining prices—merits investor attention given the company's unprofitable position and the stock's severe drawdown from prior highs.