Director Richard A Damore sold 43,701 shares of VECO at $60.71; stock now $55.65, -28.0% of holdings.
Richard A Damore, a Director of Veeco Instruments, sold 43,701 shares at $60.71 on 2026-05-14, reducing his stake from 156,295 shares to 112,594 shares—a reduction of 28.0% of pre-transaction holdings. The sale was executed near the 52-week high of $65.43, with the stock currently trading at $55.65. Veeco faces deteriorating fundamentals: the latest quarter showed net income of $-324.0K on revenue of $158.3M, and annual revenue declined 7.4% year-over-year, yet the stock has surged 62.0% over 90 days and 29.5% over 30 days despite this weakness. The timing of the sale at an elevated price level, combined with worsening profitability and revenue contraction, warrants attention to whether this reflects a strategic exit during a period of price strength or broader confidence questions.