Director Raj Vivek sold 268,810 shares ($3.2M) in 3 transactions over 4 days, reducing stake by 72.9%
Raj Vivek, a Director at Perimeter Solutions, executed 3 separate sales totaling 268,810 shares for $3,166,710.40 between May 16–20, 2025, at prices ranging from $11.74 to $11.84. This represents a substantial reduction of his post-transaction holdings to 100,132 shares from 368,942 shares—a 72.9% reduction. The sales occurred within a narrow price band ($0.10 spread across 4 days), suggesting disciplined execution near current levels ($11.83 current price, within the blended average of $11.78). PRM's fundamentals show strong recent performance: revenue of $72,030,000.00 in the latest quarter and net income of $56,686,000.00, with annual revenue growth of +74.2%, though the company was unprofitable over its most recent full fiscal year. The stock is trading at a P/E of 13.14 and down 16.0% from its 52-week high of $14.08, though up 20.6% over the past 30 days. Without a 10b5-1 plan FLAG or scheduled disposition notice in the FACTS, the timing of these consecutive sales warrants examination, though the narrow execution window and proximity to current valuation provide limited basis for characterizing this as either prescient or mistimed at this stage.