SCA Horus Holdings, LLC

SCA Horus Holdings sold 6,346,105 shares of SNCY at $15.85 for $100,585,764.25, completely exiting position

SCA Horus Holdings liquidated its entire stake in Sun Country Airlines—6,346,105 shares (6.35M shares)—on 2025-02-11 at $15.85 per share, realizing $100,585,764.25 in proceeds. This represents a 100.0% exit from holdings. At the current price of $16.64, the insider sold 3.8% below the 52-week high but would have forfeited ~$5.0M in value if it held to today; stock has risen 4.0% over the past 30 days and 11.8% over 90 days since the sale. Against his cross-ticker track record, the insider's three prior sells showed an average 90-day return of -0.7% with a 66.67% well-timed rate; at SNCY specifically, two of three prior sells proved well-timed at the 90-day horizon (with negative 90-day returns on the 2024-01-11 and 2023-12-14 sales). The complete liquidation of a six-million-plus share position warrants scrutiny given the stock's subsequent appreciation and the insider's mixed historical timing at this particular ticker.

SCA Horus Holdings (10% owner) sold 4,815,000 shares of SNCY at $14.10 on 2024-11-04 for $67,891,500.00, reducing stake 43.1%.

SCA Horus Holdings sold 4,815,000 shares (4.82M shares), representing a 43.1% reduction in its SNCY position from 11,161,105 shares (11.16M shares) to 6,346,105 shares (6.35M shares). The sale occurred at $14.10, approximately 9.4% below the current price of $15.56 and within the 52-week range of $9.29–$17.33. Notably, this 10% owner has demonstrated strong timing on prior SNCY transactions: both prior sells at this ticker (on 2024-01-11 and 2023-12-14) were well-timed at the 90-day mark with negative subsequent returns of -5.2% and -16.8% respectively, suggesting a pattern of selling before declines. The substantial size and 43% stake reduction signal a material shift in the owner's conviction, though the stock has since appreciated +56.7% over 30 days and +50.3% over 90 days—outcomes that extend beyond the transaction date and may reflect broader market or company developments rather than insights available at the time of the sale.