CEO Sean Brynjelsen sells 120,000 shares ($3.8M) at $31.88; stock now down 14.6% from 52-week high despite +79.2% quarterly rally.
Sean Brynjelsen sold 120,000 shares—a 12.6% reduction in his holdings—in 2 separate transactions at prices of $31.88 and $32.67 on 2026-05-28, for a combined $3,825,716.92. The transaction occurred near the 52-week high, with the stock currently trading at $30.45, down 14.6% from its 52-week peak of $35.66 despite a +79.2% gain over 90 days. His prior sells at ETON show a mixed timing pattern: 3 of 5 prior same-ticker sales were well-timed at the 90-day mark (negative returns post-sale), but his cross-ticker track record shows an avg 90d return of -2.1% after 5 prior sells (60% well-timed rate). Against the backdrop of the company's fundamentals—recent quarter revenue of $24,266,000.00 ($24.3M), net income of $1,554,000.00 ($1.6M), but a full-year negative net income and +104.9% annual revenue growth—this substantial CEO sale at cyclical highs warrants attention to whether elevated valuation or forward guidance changes are driving the reduction.