Co-Founder Robert Schingler sold 73,683 shares of PL at $35.07 on 2026-04-06 for $2,584,357.54; stock now at $36.55 (+0.0% from 52-week high).
Schingler reduced his position by 73,683 shares (-22.3% vs pre-transaction holdings), realizing $2,584,357.54 at $35.07 while the stock currently trades at $36.55, near its 52-week high. His prior two sales at PL both resulted in positive 90-day returns (+39.2% and +46.6%), indicating his past sales have coincided with continued upside rather than subsequent declines. The company generated $81.3M in quarterly revenue with +25.9% annual growth, but remains deeply unprofitable with a $-59.2M net loss over its latest full fiscal year. The timing of this sale against a strongly rallying stock (30-day +41.6%, 90-day +62.9%) and the insider's historical pattern of poorly-timed exits warrant monitoring of whether this represents a shift in conviction or allocation strategy.