Richard J Hendrix

Director Richard J Hendrix sold 143,814 shares of NVTS for $4,188,072.44 across 3 transactions, reducing holdings by 58.6%

Richard J Hendrix executed 3 separate sales totaling 143,814 shares at prices between $28.14 and $29.66 on May 27-28, 2026, reducing his holdings from 245,523 shares to 101,709 shares—a 58.6% reduction in position size. The company reports a negative net income of $-33,785,000.00 for the latest full fiscal year and quarterly revenue of $8,598,000.00, reflecting deteriorating financial performance with annual revenue growth of -44.9%. Hendrix's prior three sales at NVTS all posted positive 90-day returns (+55.8%, +61.9%, +47.6%), indicating his historical sales at this ticker were poorly timed (the stock rose after he sold); none of those three prior sales achieved negative 90-day returns that would characterize them as well-timed for a seller. The current stock price of $26.60 is 21.4% below the 52-week high of $33.82 and represents a decline from the sale prices, but the significance of this large position reduction against the backdrop of persistent unprofitability and negative revenue growth warrants investor attention to the company's fundamental trajectory.

Director Richard Hendrix sells entire 229.5K share position at $4.48 avg for $1.0M; now zero holdings as stock trades at $6.50 (+217% in 30 days).

Director Richard J Hendrix liquidated his entire stake of 229,455 shares through 3 separate sales on 2025-05-22, exiting at a blended average price of $4.48 per share. The current stock price of $6.50 represents a 44.8% gain above his average sale price, with the stock up 217.1% over the prior 30 days and near its 52-week high. His prior open-market history across all tickers shows 2 buys with an average 90-day return of +5082.4% and a 100.00% win rate, establishing a strong track record for well-timed entry decisions. The complete liquidation of his holdings—eliminating all equity exposure—stands in sharp contrast to his demonstrated historical ability to identify entry points that subsequently delivered substantial gains, and warrants examination of the specific factors influencing a full portfolio exit at a moment of significant positive momentum.